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A challenge fund (CF) is a competitive finance mechanism used to allocate funds for specific purposes. CFs usually invite project proposals from companies, organisations and institutions working in a targeted field. CFs are set up to meet specific objectives and as a means of triggering investment into certain high-risk markets, such as extending financial services to poor people or finding solutions to a specific health problem in developing countries. Below some links to challenge funds, and if you like to learn more about CFs and how they work, check out this blog post here

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