Microfinance
On this virtual internship in microfinance you’ll assist local community banks that provide financial services to disadvantaged communities. Help to evaluate the bank’s performance, check financial data and assist locals to prepare business plans and get access to education or insurance. Gain career-relevant experience in finance, business management accounting and entrepreneurship, and make a meaningful difference.
Internship Highlights:
- Get supervision from experienced financial professionals
- Support rural people by evaluating and improving business concepts, strategies and products
- Experience a new and unique African microfinance model
- Get insights into the social reality of people who have little access to other financial means, and help to improve their livelihood through business development
- Gain practical career experience from home without having to travel
Type of host organizations:
- Microfinance NGOs
Internship details
Use your finance, accounting and business management experience to support disadvantaged communities in Tanzania through this virtual internship in microfinance.
This is a remote internship you can conduct from home. Click here to view our Finance internships that you can do in-country, if you’d prefer to travel and intern abroad.
Village community banks, known as Vicobas, provide valuable financial services to disadvantaged rural communities in Tanzania. Remote finance internships assist Vicobas as they help locals with basics such as financing their projects, educating their children, and gaining insurance. Vicobas are self-managed groups within a village or neighborhood, where members pay relatively low monthly saving amounts into the community bank, which can then distribute funds in the form of microcredits and insurance cover. They are supervised and supported by NGOs with microfinance specialists.
In all cases, interns should expect that the initial phase of their remote internship will focus on gaining some introductory knowledge. You may start by gaining an understanding or overview of what you can build upon, develop, learn, and contribute. Ensure that you ask questions and provide feedback during the introductory period, so that your supervisor understands how you’re progressing. This will help them to better understand important details, such as how quickly you learn, what you find challenging, what you find interesting, etc.
Understand and expect that individual internship experiences vary. Therefore, if you’re at a more introductory level, you should reasonably expect a more introductory internship. Likewise, if you’re interning for a shorter duration, you will have a different experience from someone who is interning for a longer duration. Placement preferences are considered but always subject to availability.
Career Benefits
Accounting & Finance interns learn from a qualified and experienced supervisor, and can be involved in:
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Evaluate the performance of community banks
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Helping to finance new and existing business ventures
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Distributing microcredits and insurance cover
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Helping local entrepreneurs with business plans
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Product development
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Preparing workshops on finance, business or administrative matters
Professional development opportunities:
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Learn about how Vicoba groups are run as an efficient microfinance and development tool in Tanzania
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Experience small-scale entrepreneurship in a developing country
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Learn how to efficiently manage local savings groups
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Provide financial consultancy and mentoring services
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Learn how to evaluate business projects
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Gain practical skills and boost your employability, with guidance from Intern Abroad HQ’s Experiential Learning Curriculum to support your learning and cultural intelligence
Are you eligible for this internship?
Submit a free application so we can confirm your eligibility and check availability for your preferred dates.
Not sure which program to join?
Academic credit available for all internships
Gain course credit from your college or university and meet your academic requirements when completing an internship abroad or remote internship program with Intern Abroad HQ.
Learn about course creditProgram fees
It’s free to apply for this internship. Once we have reviewed your suitability and accepted you onto this program, you’ll need to pay a deposit of US$499 to confirm your place. The remaining balance of your Program Fee (less your initial US$499 deposit payment) will be due within 7 days of being assigned a placement.
Duration |
Program Fee |
|---|---|
| 100 hours (3 weeks full time, or 5 weeks part time) | $1,099 |
| 250 hours (8 weeks full time, or 12 weeks part time) | $1,499 |
| 350 hours (13 weeks full time, or 17 weeks part time) | $1,799 |
- Dedicated support before, during, and after your internship
- Sourcing and securing your internship placement
- Personalization of your internship plan
- Orientation and coaching with your supervisor
- Documented portfolio of your experiential learnings
- Academic credit facilitation
- International reference letter
- Certificate of Internship Completion
- A deposit of $499 (approximately 499) is required to secure your internship
- Balance of your Program Fee is due 7 days before your internship start date. The Program Fee payment can also be completed in installments through our Zero-Fee Payment Plan. Learn more.
- All payments attract a 5% transaction fee to cover international banking fees and currency charges.
- International wire transfer payments attract a minimum fee of $75 USD.
- Terms and Conditions apply.
