The Mastercard Foundation Fund for Rural Prosperity (FRP), a USD 50 million Challenge Fund, aims to help 1,000,000 rural people in Sub-Saharan Africa break the cycle of poverty by improving their access to financial products and services.
We assisted FRP’s Fund Manager in monitoring and results measurement. We were responsible for the development of the overall theory of change and results framework and worked with FRP partners to develop results measurement tools e.g. result chains, beneficiary models, and Key Performance Indicators to measure the ongoing impact of their interventions. As part of the assignment, we conducted annual field visits to grantees to track their business performance and their impact on financial inclusion for the target beneficiaries and conducted eight rigorous impact studies focusing on the project’s impact on beneficiary resilience, satisfaction, income, and indirect job creation.