Application Deadline: July 20th 2019
The Arab Financial Inclusion Innovation Prize equips promising innovators with the funding and support they need to realise their potential to further financial inclusion in the Arab world. It rewards those who can increase access to financial services, reduce the costs of that access, and better serve end clients in the region.
Eligibility Requirements:
Geography
Eligible proposals must be by Arabs for the Arab world. Residency in an Arab country is not required, but at least one member of the team must hold an Arab nationality. The proposed innovation must be for implementation in the Arab world, defined as the member countries of the Arab league.
Stage of Development
Innovative proposals at all stages of development are welcome. Applicants must be able to show that their innovation can be successfully applied to the sector. Microfinance and financial inclusion are defined in their broadest sense to encompass a wide range of fields, including but not limited to: credit, savings, insurance, payment services, Islamic finance, fund transfers, responsible investment, collective banking, and business development services of micro-enterprises.
Team
We welcome applicants of many types to apply for the prize, including individuals, small businesses, MFIs, NGOs, students, cooperatives, commercial banks, local development banks, leasing firms, insurance companies, and fintech enterprises.
Prizes:
Cash Prize
A cash prize will be awarded to the winners of AFIIP 2019. Read what the winners of the inaugural 2018 prize were able to do with the money they received in our newsroom here.
Technical Support
The 2019 winners will also receive technical support to help develop their innovation, through networking opportunities and professional advice and guidance.
For More Information:
Visit the Official Webpage of the Arab Financial Inclusion Innovation Prize 2019