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CAMFED Ghana launches MasterCard Scholars fund

The Campaign for Female Education (Camfed) Ghana, a Non-Governmental Organisation that supports the education of girls and empowerment of young women on Friday, launched its MasterCard Foundation Scholars Programme, an Entrepreneurship fund designed to provide funding to Scholars and alumni who have viable sustainable and scalable business ideas that also has a social impact has on Friday, February 15, 2019 at the University of Education, Winneba.

The launch by Camfed Ghana signifies the kick off of the organization’s component of the fund.

Known as the MasterCard Foundation Scholars Entrepreneurship Fund (SFS), this a USD 2 million supplemental funding allocated to the foundation’s tertiary partner institutions to support Scholars as a catalyzers of economic opportunities for others, thereby helping them to become transformational leaders.

Given the limited job opportunities available to the youth, the MasterCard foundation believes the young people will need to create their own economic opportunities, whiles creating economic opportunities for others too.

The SEF responds to a need expressed by Scholars themselves, many of whole have great ideas but face challenges in accessing funding to implement their ideas. The SEF links directly to the foundation’s Young Africa Works strategy which aims at supporting young people to access capital so that they can grow their businesses within various sectors of the economy.

The SEF is intended to provide financial support for new ideas and scale up existing projects, facilitate opportunities for Scholars to give back and expand transformative leadership competencies. It is also designed to serve as a transition vehicle while providing economic opportunities for the scholars and others, especially women and young people.

All current MasterCard Foundation Scholars at CAMFED and alumni are eligible apply to SEF. The selection criteria and process have been documented and widely disseminated, and selection would be done in a transparent manner. Winners will be selected based on the project design, model and criteria established by CAMFED in consultation with the scholars council.

CAMFED and it’s partners will provide adequate support and guidance to winners for the duration of their project, Inorder to optimize the success of their ventures.

Source:Kwadwo Dakwah, Okokroko fm

About Philemon Buabeng

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