MICROCAPITAL BRIEF: African Women Invited to Apply for MasterCard Foundation Scholarships for Sustainable Microenterprise and Development Program (SMDP) in Ghana by February 7, 2014

MasterCard Foundation, a Canadian organization founded by the US-based payments firm MasterCard, is offering an undisclosed number of scholarships, ranging from USD 1,000 to USD 4,500, for women in Africa who have at least two years of work experience in the microenterprise development field to attend the Sustainable Microenterprise and Development Program (SMDP), an educational workshop that will be held in the Accra, Ghana, from March 10-21, 2014. Scholarship Applications are due by February 7, 2014. The participants can enrol for the first week, the second week or both. The program’s emphasis will be on microfinance management principles and practices, risk management for microfinance institutions (MFIs) and agriculture value chain financing.

The MasterCard Foundation Scholars Program Application can be found at HTTP: www.carseyinstitute.unh.edu/sites/carseyinstitute.unh.edu/files/SMDP-Ghana-2014-Registration-Form%20MCF%20scholarship.doc

For additional information on SMDP, you may visit http://carseyinstitute.unh.edu/smdp/ghana or contact the organizers via e-mail at smdp.info[at]unh.edu or via telephone at +1 603 862 0764.

By Tejas Jain, Research Associate

About MasterCard Foundation

Based in Canada, the MasterCard Foundation is a private foundation with the goal of enabling people living in poverty to improve their lives with increased access to microfinance and education. The foundation was established in 2006 by a gift of shares from US-based payment processor MasterCard Worldwide during the company’s initial public offering. As of December 2013, the MasterCard Foundation reported approximately USD 14.2 billion in assets.

About Sustainable Microenterprise Development Program (SMDP)

The Sustainable Microenterprise and Development Program (SMDP), housed in the Carsey Institute in the US-based University of New Hampshire, provides training and networking opportunities for practitioners in the fields of microfinance, enterprise development, social enterprise and community-based and rural development. SMDP offers professional development training with a concentration on program planning, implementation and impact evaluation. Course topics cover a  range of practices from financial, risk and human resource management, social performance monitoring and evaluation, value chain and market development, social enterprise, microfinance investment readiness, inclusive youth financial services and sustainable responses to climate change.

Sources and Additional Resources:

University of New Hampshire, Carsey Institute: “Sustainable Microenterprise and Development Program,”

MicroCapital Story, September 26, 2013, “MasterCard Foundation Scholarship Applications for Sustainable Microenterprise and Development Program (SMDP) in Tanzania Due by October 4, 2013,”

MicroCapital Story, April 22, 2013, “MasterCard Foundation Scholarship Applications for Sustainable Microenterprise and Development Program in New Hampshire, USA, Due May 10, 2013,”

MicroCapital Story, March 12, 2013, “MasterCard Foundation Donates $4.3m to Smart Campaign for Microfinance Client Protection Effort,”

MicroCapital Universe Profile: MasterCard Foundation

MicroCapital Universe Profile: Sustainable Microenterprise and Development Program

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