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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
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Everything arranged for you from US$948
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
Gain academic or course credit
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.

On this virtual internship in microfinance you can get involved in assisting the multi-faceted work of these NGOs. You can help to check financial data, evaluate Vicoba’s performance, and help locals with business plans or product development. Microfinance interns can also help to prepare educational workshops to educate locals about financial matters, meaning you’re interning with real-life financial situations and contributing to the local community.

Remote internships in Tanzania are conducted in English.

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 opportunites:
  • 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

”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.”

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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$449 to confirm your place. The remaining balance of your Program Fee (less your initial US$449 deposit payment) will be due within 7 days of being assigned a placement.

Duration
Program Fee (USD)
100 hours (3 weeks full time, or 5 weeks part time) $948
250 hours (8 weeks full time, or 12 weeks part time) $1,348
350 hours (13 weeks full time, or 17 weeks part time) $1,648
  • 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
  • International reference letter
  • Certificate of Internship Completion
  • A deposit of $449 USD 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.