International Microfinance Project in Tanzania
- Placement location: Arusha
- Role: To work alongside the Projects Abroad team helping developing business plans with local groups
- Business Sector: Microfinance
- Requirements: None
- Accommodation: Host families
- Length of placement: From 2 weeks
- Start dates: Flexible
The Projects Abroad Microfinance project in Tanzania aims to provide vulnerable individuals and groups with small loans. Over time and with guidance, they will reimburse these loans. Following complete reimbursement, new candidates will then be selected.
There are many vulnerable groups in Tanzania who are seeking a way to empower themselves. Projects Abroad are targeting specific groups in need of help and provide funding and training to give them the skills and financial help needed to start a business. This will enable them to secure a sustainable future for themselves through small scale entrepreneurship.
Microfinance Internships with Projects Abroad in Tanzania
On this project you will work in the Projects Abroad Microfinance office in Arusha alongside a dedicated local team helping to ensure that the individuals and groups taking part are given a chance to make a future for themselves.
On a daily basis you will be involved in a wide variety of tasks including the following:
- reading through business plans
- developing marketing strategies
- managing loan accounts
- monitoring the targeted individuals and groups who have already received loans
- conducting weekly workshops
- providing general business guidance, and support.
If you think you would be able to help the most by focusing on a particular area please let us know when you apply.
Helping small businesses
Recent small businesses that interns have been working with include rearing chickens and making and selling jewelry.
By joining this project you will gain a unique insight into the process of developing small businesses in a foreign country. You will also see how micro-credit can help disadvantaged people find their way out of poverty and become self-supporting and independent. You will spend time in a completely new environment, learning about a different culture and way of life. It will be a rewarding and challenging experience.
Following the first year anniversary of this project, the business groups we have been working with completed a feedback survey.
Did you know? Tanzania's poverty rate fell from 60% in 2007 to 47% in 2016, and their political stability remains the cornerstone for further economic improvement.
The Microfinance project runs all year round so you can join us at any time. You do not need any prior experience but it is important that you have an interest in this area. It is also important that you should be flexible, communicate well, and be willing to learn. It would also be useful for you to take an additional Swahili Language Course, either before or during the project so that you become familiar with the local Tanzanian language which is widely spoken in the communities you will be working with.
You can join the Microfinance project in Tanzania for two or three weeks if you don't have time to join us for four weeks or more. This project has been selected by our local colleagues as being suitable for short term volunteering for both the host community, and the volunteer. Although you will gain a valuable cultural insight, and work intensely within the local community please be aware that you may not be able to make the same impact as someone volunteering for a longer period.