International Microfinance Internships in Cambodia
- Placement location: Phnom Penh
- Role: To assist local entrepreneurs with growing their businesses
- Business Sector: Microfinance
- Requirements: Interns should have at least one year of experience or training in the business or management field.
- Accommodation: Shared volunteer apartments or a host family
- Length of placement: From 4 weeks
- Start dates: Flexible
A Microfinance internship with Projects Abroad in Cambodia is an opportunity for you to help effect tangible long-term change in underprivileged communities. We work in partnership with the Khemara organization, one of the oldest NGOs in the country, to assist small-scale entrepreneurs in creating and developing businesses. If you have a passion for grassroots community development and helping to build businesses, you can make a significant impact through your internship.
At this project, we facilitate small loans to disadvantaged individuals in Phnom Penh. Most of the people we assist are garment workers, who earn less than $3 a day sewing clothes for major brands. They work in appalling and unhealthy conditions. These workers are often women, many of whom have small children to care for.
Did you know? Many of the Cambodians we work with on the Microfinance project are female garment workers, who earn less than US$30 a day and around US$1,600 annually, sewing clothes for major companies in extreme conditions.
Most Cambodian families find it extremely difficult to set up businesses by themselves, as loans typically come with high commission fees and interest rates. The loans facilitated by Projects Abroad have neither. By providing start-up capital, training, and advice for small businesses such as shops and food carts, you will help people achieve financial independence and have more time to spend with their families.
This project is a great chance for you to add useful new skills to your resume and gain an insight into the challenges entrepreneurs face on a daily basis in developing countries. It will also be beneficial for you to spend time in a completely new environment, learning about a different culture and way of life.
If you are interested in contributing to this project, you will need to have at least one years’ experience or training in the business or management field. Anyone with significant business qualifications or skills is welcome on this project as well - local entrepreneurs will appreciate having the benefit of your knowledge and experience!
Interning in Microfinance in Cambodia with Projects Abroad
The aim of this project is to provide entrepreneurs with small commission and interest-free loans, which over time and with guidance they will reimburse. As an intern, your role is crucial as you will help provide successful applicants with training in basic business accounting and other assistance that will help them build a profitable and (most importantly) sustainable business.
You will work alongside the Projects Abroad Microfinance Officer. On a daily basis you will be involved in a wide variety of tasks, which may include the following:
- Review loan applications and meet beneficiaries
- Assist beneficiaries in preparing a basic business plan with supporting marketing tools
- Monitor and mentor the targeted individuals and groups, and track business progress
- Conduct workshops for entrepreneurs
- Provide general business guidance and support
We started the initiative to open up individual savings accounts at a local bank. It was great to get the feedback from the groups that they really learned something from the trainings and to see that they were motivated to be part of the project of Khemara which in comparison to loans at a bank or private lender is more time consuming. Read more...
This project runs all year round so you can join at any time. On a typical day, you will work from Monday to Friday from 8am to 5pm.
While you’re in Cambodia, you might also consider joining a 1 week Culture & Community Project. For more information, please visit our Khmer Project in Cambodia. Our Combinations Page explains how you can combine not only projects, but also destinations.