Updated Jun 19, 2019CLOSED

The Arab Financial Inclusion Innovation Prize

The Arab Financial Inclusion Innovation Prize equips promising innovators with the funding and support they need to realise 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 end clients in the region. Through the prize and AFIIP network, we aim to create a synergy between financial inclusion and innovation to strengthen and diversify both sectors and harness the new and adaptive technologies defining our world.
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GrantType
CLOSEDJul 20, 2019Deadline
UnavailableAmount
UnavailableDuration(Months)

Mandatory Requirements

StageStage 1: Ideation, Stage 2: Research & Development, Stage 3: Proof of Concept, Stage 4: Transition to Scale, Stage 5: Scaling and Stage 6: Sustained Scale
Implemented in:
RegionN/A
CountryComoros, Djibouti, Bahrain, Algeria, Lebanon, Qatar, Palestinian Territories, Oman, Morocco, Mauritania, Libya, Kuwait, Jordan, Iraq, Egypt, United Arab Emirates, Tunisia, Syria, Sudan, Somalia, Saudi Arabia and Yemen
Focus AreasSocial & Micro Finance (Economic Growth and Trade)
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.

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.

We 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.

Application And Awards Process

Apply using this form
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