Economic Opportunities for Youth Request for Proposals
The MasterCard Foundation has been an innovator and a major funder focused on the transition of young people into the workforce. The Economic Opportunities for Youth strategy aims to improve the capacity of young men and women to find quality employment, grow their businesses, access finance and expand the opportunities available to them. To date, the Foundation has committed $177 million to 16 countries in Africa. The Foundation’s projects are focused on both rural and urban areas in many countries. We aspire to motivate and attract others to join us in this work.
The Foundation is inviting non-governmental organizations, financial service providers, as well as private sector and academic institutions to present collaborative models that will enable disadvantaged youth to build successful livelihoods. The areas of focus for this round will be in the agriculture/agribusiness sector in Ghana and Uganda, as well as the construction sector in Ghana.
The MasterCard Foundation is also committed to the principle of youth engagement and is seeking proposals that will demonstrate youth involvement in program design, implementation and evaluation.
This Economic Opportunities for Youth (EOY) request for proposals generated over 150 expressions of interest from organisations both new and familiar to the Foundation. After the careful consideration of an internal panel and an external selection committee, we have followed up with the consortia that are moving ahead to the concept note stage. Given the volume of submissions received, we are regretfully unable to provide feedback on each submission.
Thank you very much to those organizations which applied as we greatly appreciate your time, effort and thoughtful submissions.
Robinah is the bubbly owner of a small business that rents tents and chairs and sells soft drinks and beers for parties. She’s been doing this for several years. She recently obtained a loan of 4.5 million Ugandan shillings from BRAC to expand her business. Previously she worked with another bank but decided the interest rate was too high. BRAC’S terms were more reasonable, interests rates were lower and funds available in a few days.