How to Apply For Mastercard Foundation /NBSSI COVID-19 Relief Fund

The COVID-19 pandemic has drastically slowed economic activities for Micro, Small, and Medium Enterprises (MSMEs) in many ways including:

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Production and supply chain disruptions, shortages, and delays
Reduced consumer demand for products and services
Reduced capital and investment flows
Labor shortages due to social distancing regulations

The NBSSI Mastercard Foundation Recovery and Resilience Program for MSMEs has been set up to provide financial and business advisory support to MSMEs and start-ups weather the economic downturn caused by the COVID-19 pandemic. Particularly, the Programme will focus on:

MSMEs who need support to survive the COVID-19 pandemic
Businesses in growth sectors where the employment of young people, especially young women, will be negatively impacted as a result of business operation disruptions, supply chain challenges, liquidity shortages, declining sales and profits, and business closures
Businesses providing services that will be in demand during the pandemic and that have the potential to grow and positively impact communities affected by COVID-19
Businesses that will focus on digitization to support MSMEs

Table of Contents

Eligibility Criteria (Applicant’s Requirements)

Proof of business operations
Description of Business (i.e type personnel, customer, suppliers, etc.)
Financial details (i.e Sales, cash flow statement, profit & loss extract)
Detail of product and services
Demonstrate that COVID-19 had a negative impact on your business

Micro, Small, and Medium Enterprises (MSMEs) with activities drastically slowed by the COVID-19 pandemic in many ways including:

Production and supply chain disruptions, shortages, and delays
Reduced consumer demand for products and services
Reduced capital and investment flows
Labor shortages due to social distancing regulations

MSMEs providing services in demand during the pandemic and that have the capability to grow and positively impact communities affected by the pandemic

Priority Sectors

Agri and Agro-Businesses
Food and Beverages
Water and Sanitation
Services
Technology
Manufacturing
Garments and PPE
Commerce and Trade
Logistics
Tourism and Hospitality
Healthcare and Pharmaceuticals
Education

Enterprise must be either a micro, small OR MEDIUM enterprise.

Informal enterprises
Female-owned businesses are encouraged to apply
Youth-owned or youth-led businesses (age 18-35) are encouraged to apply
Enterprise must be willing and committed to continue maintaining the operation of their business by accessing a facility from the Program.

EXCLUSIONS/LIMITATIONS

There should be no undue private benefit
There should be no funding of partisan political activities
Businesses cannot be those that do not meet basic social, environmental, and governance compliance criteria.

How It Works

Complete Application Form:
Application Review
Receive Funds

How to Apply

Visit the official website for more information or click here to apply for the Mastercard Foundation /NBSSI COVID-19 Relief Fund.

Application Deadline

Businesses can start applying from September 16th, 2020, and will continue for 1 month or until the funds run out.

You can also visit the nearest NBSSI Business Advisory Centre (BAC) across Ghana or call 0302 747 777 for further clarification.

CAUTION: APPLICATION FOR THE MASTERCARD FOUNDATION COVID-19 RESILIENCE AND RECOVERY PROGRAM SUPPORT SCHEME IS FREE. APPLICANTS ARE TO BE MINDFUL OF FRAUDSTERS PURPORTING TO ASSIST APPLICANTS FOR A FEE.