Deadline:

10 August 2019.

Location:

 Online.

(Prize)

Description

Arab Financial Inclusion Innovation Prize. 

The Arab Financial Inclusion Innovation Prize equips promising innovators with the funding and support they need to realize 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 clients in the region.

More Details

AFIIP is created to reward such innovations which can increase the outreach and reduce the costs of financial services to better serve low-income businesses and individuals. In collaboration with Sanabel, winning applicants will receive up to 50,000 USD in prizes, including a cash grant, consulting services and the chance to present their idea at the 2019 Sanabel conference in Amman, Jordan.

Opportunity Focus Areas:

  • Core innovation.
  •  Adjacent innovation.
  •  Transformational innovation.
  • Innovation in microfinance

Required Languages

English.

Eligible Countries

All world countries.

Note: at least one member of the team must hold an Arab nationality.

Program Period

3 September 2019

  • If your proposal has been shortlisted, the main contact listed on your application will be contacted by 3rd September. An email announcement will be sent to all applicants to announce the shortlisted proposals.

Eligibility Requirements (Criteria)

  • 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

They 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.

Opportunity Cost

(Prize)

  • Up to 50,000 USD in prizes and the chance to present your idea at the 2019 Sanabel conference in Amman, Jordan

How to Apply

First Step: Fill in your application by entering some personal information.

Second Step: Provide information about your organization and your team by writing some short essays.

Third Step: Send your application. Good luck!

Apply Now

More Details

Know more about this opportunity:

Official Website

Marj3 recommended links

To learn how to write CV, Essays, Personal statement,  and know about recommendation letters click here:

Marj3 recommended links

This Scholarship Published by:
Mustafa Abulhamd / Egypt

Reviewed by” Belkis Ghedir / Tunisia
MARJ3 Intern
MARJ3 Scholarships team