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Microfinance

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
Apply Now
Gain academic or course credit
Everything arranged for you from $1099 (approximately 1099)
Available year-round, start when you like
Intern part-time or full-time from anywhere
Choose your duration: 100, 200 or 350 hours
Personal online orientation & coaching
Get job-ready with our Experiential Learning Curriculum
Internships align with UN Sustainable Development Goals
Eligibility requirements and Associated career paths
Eligibility requirement

At least one year of relevant college/university study in business management, finance, accounting, entrepreneurship, or a related field. High School Students aged 16+ may be accepted, depending on the strength of their application.

Language requirements

This internship is conducted in English.

Associated career paths

Finance analyst, banker, finance specialist, accountant, business manager, entrepreneur, startup incubator, business angel, investor, financial clerk, business teacher, international relations, development issues specialist

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:
  • Evaluate the performance of community banks

  • Helping to finance new and existing business ventures

  • Distributing microcredits and insurance cover

  • Helping local entrepreneurs with business plans

  • Product development

  • Preparing workshops on finance, business or administrative matters

Professional development opportunities:
  • Learn about how Vicoba groups are run as an efficient microfinance and development tool in Tanzania

  • Experience small-scale entrepreneurship in a developing country

  • Learn how to efficiently manage local savings groups

  • Provide financial consultancy and mentoring services

  • Learn how to evaluate business projects

  • Gain practical skills and boost your employability, with guidance from Intern Abroad HQ’s Experiential Learning Curriculum to support your learning and cultural intelligence

What recent interns said about their experience

SK
Sen Kuo
February 2024

I enjoyed doing presentations the most as I got to share my perspective and opinions of certain topics. The internship has contributed towards my presentation and communication skills.

...
AR
Andy Rutledge
July 2022

This internship has given me more confidence and I think that this alone will serve me very well in the future, in whatever profession I decide to go into. If anyone else is given this opportunity I would highly encourage them to do it, as it has really opened my eyes to the power each individual person can have. This role furthered my understanding of the subject of microfinance and helped me develop skills such as communicating and working effectively with people of all different backgrounds. My most significant learning points were related to skills learnt in the areas of time management, communication and presentation skills, which will be very useful in the future. My favorite part of this internship was meeting new people and learning about new cultures.

...
TK
Tal Krasnovsky
September 2021

Having completed my remote microfinance internship, I feel more empowered in my field. I now have a better understanding of microfinance, what it entails, how it operates, and what needs to be done to ensure it operates successfully. I think that I still have a lot to learn, but I also think this internship was a great learning experience and a starting point to further my understanding of this field. My most significant learning points were learning about microfinance and its principles, as well as seeing real time examples of those principles. Aside from that, I also had exposure to what it's like working as an employee in terms of deadlines, assignments, and presentations. In addition, this internship was a great way to hone my research skills, as I needed to do research for almost all the assignments I was tasked with. My favourite memory from the internship was after I presented the project management manual I have been assigned to compile. I remember feeling a sense of pride, since I had worked really hard on it, researching, and learning all kinds of new things. It was very satisfying to complete it and be recognized for my work. I put a lot into doing the best I could, learning about a subject I did not know before, and when it worked out, it felt amazing.

...
MH
Mu Patrick Ho
July 2021

At the beginning of my internship, I was a bit nervous about how well I would perform, however I soon realized that it’s all about focusing on the experience, so I shouldn't be afraid of making mistakes. My tasks were mostly business consulting from a different perspective. I assessed how other companies or organizations succeeded and thrived, in order to come up with ideas to improve my host organization. I also worked to find ways to help women in Tanzania with starting their own businesses, by focusing on training and education. I learnt that with enough knowledge and experience, one can have tremendous success, even when facing hardship and prejudice. Going forward in my career, I want to use my skills to help others. This internship has educated me on how to make a dramatic impact with limited funding and money. There was a lot of effort from my supervisors to properly help me understand how to run a non-profit organization and build up a business for people struggling with money. Microfinance is a skill that I believe I can use to help people in the future.

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To read all reviews, visit our reviews page.

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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 credit

Program 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 within 7 days of being assigned a placement.
  • 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.