Application Deadline: June 30, 2015 at 23:59 Greenwich Mean Time
This US$150,000 Prize is looking for the most innovative, impactful, and sustainable way in which a financial service provider puts its “clients at the centre” in order to promote financial inclusion for poor people living in the world’s developing countries. It consists of one US$100,000 cash award and US$50,000 in consulting support to expand or reinforce client-centric practices within the winning organisation.
Award:
- Three to five finalists will be invited to present their innovations in front of peers and leading industry professionals at The 2015 MasterCard Foundation Symposium on Financial Inclusion in Cape Town, South Africa. This will provide finalists a unique opportunity to showcase their businesses and work in front of this influential international audience.
Eligibility Requirements:
- Applicants must be registered organisations operating anywhere in the world, and direct providers of financial products and services to low-income populations in developing countries.
- Applications must focus on their business practices that better serve the poor, most vulnerable and economically disadvantaged people within any of the developing countries eligible for the Prize.
- Applicants can be traditional financial service providers (commercial banks, micro-finance institutions, or companies providing non-bank products and services such as leasing or insurance companies), or emerging players such as mobile network providers, IT or mobile-enabled technology companies, agribusinesses that provide financial services, or others.
Judging Process
The Judging Process is divided into 2 stages:
- Stage 1 – Pre-Symposium:
Eligible applications will be evaluated and scored against the predetermined set of Judging Criteria (see below) by staff of The MasterCard Foundation and other industry experts. This process will lead to the determination of three to five Finalists to be invited to the Symposium.
2. Stage 2– Symposium:
At the Symposium, the Finalists will make presentations on the business practices they highlighted in their application to the Symposium audience. The audience will then vote on the presentations that they feel best describes a successful client-centric organisation and practices to determine the winner of the US$150,000 award.
For More Information:
E-Mail: clientsprize@mastercardfdn.org
Visit the Official Webpage of the MasterCard Foundation Clients at the Center Prize