What is the Microfinance Internship in Ghana all about?
The Microfinance Internship in Ghana is a community-driven initiative geared towards empowering the local entrepreneurs that are lacking financial literacy. Despite two decades of solid growth for Ghana, the country still encounters many challenges, and the disparity gap is getting deeper between the regions of the country, as inequalities grow due to geographic areas. Access to financial services is only available to half of the population in Ghana. Many have no access to it due to the lack of understanding. Indeed, there are many women and youth in Ghana that lack financial training on how to maximize the little resources available to them. There are many skilled workers in the area but due to their lack of financial understanding, they are unable to progress further.
The purpose of this project is to enhance financial literacy, essential business skills and empower the local women and youth to become more self-sufficient. Depending on the need of the community, the project has been involved in developing training materials, conducting training to one individual or small groups or individuals, or running financial education campaigns in the area.
The Microfinance Internship in Ghana works with a variety of local organizations aiming to have positive effects on the communities and local economies.
Why choose this Microfinance Internship in Ghana?
- Be exposed to the problems of financial illiteracy in an emerging country through this Microfinance Internship in Ghana.
- Work with local women and youth empowerment outreach programs in partnership with local microfinance institutions.
- Discover a new culture and way of life while living like a Ghanaian.
Role of the Business intern
While on the Microfinance Internship in Ghana, you may take on a variety of responsibilities depending on the need of the project at the time of your placement:
- Serve as a resource person during training programs related to financial literacy
- Assist in drafting budgets for individuals and institutions
- Assist in drafting business plans for businesses expansions
- Developing training handbook on financials tools.
These are just a few examples of the tasks you may be involved in.
What skills do I need to be a Microfinance Intern?
The Microfinance Internship in Ghana accepts any individual, who has received any formal or informal financial training or has the willingness to undertake any finance-related projects to help the microfinance institutions as they educate the locals about their financing options. As an intern, we also recommend you bring a computer with you. You will be asked to send your CV/resume and a motivation letter before being accepted onto this project.
Travel during COVID times
The health and safety of our travelers and our local communities remain central to our plans for reopening countries and projects. As a result of the COVID-19 pandemic, we have been adapting our programs and protocols to protect all those involved, and ask for everyone’s patience and collaboration as new rules are implemented in-country. For all projects, new standards of sanitation, procedures and social behaviors are in place, including new health and hygiene protocols and social distancing practices. You can read more here. Each location may be slightly different in the way they operate. We encourage you to inquire to your placement advisor to learn more about your specific project as you plan for your responsible return to travel!
While the COVID pandemic is still affecting travel, for this location, you are required to come vaccinated, and you will spend the first three nights in a hotel booked by our on-site team before joining your homestay.
WHY JOIN THE PROJECT
To empower people with reduced access to livelihood opportunities
To apply your business skills in a different context
To meet new people and learn about a new culture
Where will I work in Ghana?
About the Location
This Microfinance Internship in Ghana is based in and around Cape Coast. Cape Coast is located in the Central Region. Cape Coast is much more laid back than Accra, and has a very rich history, especially as it is known for its role in the transatlantic slave trade. In Cape Coast, you get to watch endlessly the fishing boats, and fisherman casting nets. The beaches can be beautiful, although not as touristy as you may think. The centre is an appealing place to wonder and take in the way Ghanaian lives.
During your internship, you will be staying with a local host family. You will have access to modern westernized amenities.
What to do in your spare time
Cape Coast offers many outings in and around especially if you are interested in learning about the history of the colonialism, and its global impact. Even if you are not an history buff, it is fascinating and heartbreaking to learn what happened at Elmina Castle, or Cape Coast Castle. If you are looking for a more adventurous day, and want to see what is outside big towns, you will enjoy Kakum National Park.
Details & Costs
- Duration: 4+ weeks
- Cost: £1961 / $3061 for 4 weeks
£375 / $585 for each additional week.
- Requirements: Age 18+ and COVID-19 vaccination
- Location: Cape Coast, Ghana
- Working hours: Monday-Friday: 5 to 6 hours a day
- Project availability: All year round
- Arrival day: Saturday
What is included
- Accommodation: Hotel stay for the first 3-nights + Homestay
- Food: Two meals Mondays through Fridays (Breakfast and Lunch)
- Airport: Pick up and drop off from Kotoko International Airport, Accra
- Access to personal online Kaya Community account including:
- Pre-departure information pack for Ghana
- Fundraising Guide
- How to Manage your Money Abroad Guide
- Learning Reflection Guide
- On the ground training:
- Cultural and safety orientation
- Project induction provided
- Support: 24-hour support including emergency contact numbers
- Excursion Planning assistance from local staff (activity prices may be extra)
- Certificate on completion of Internship
- Supervision from qualified professional
What is not included
- Food: Dinner during the workweek, and all meals on weekends.
- Routine vaccinations
- Daily transfers to and from the project
- Police/Government Background Check; US and UK citizens will be processed through Kaya (admin fee applies). All other nationalities must provide local police check.
- Any costs for COVID-19 PCR tests required pre-departure and in-country
Easy 4-step application process
Click here to apply online and pay your application fee to apply for your space on your chosen project. Our advisors will then contact you to guide you through the next steps.
Once we’ve received your application, we’ll review your details and be in touch to arrange your informal telephone interview with your Kaya Placement Advisor.
Following your interview, we will provide you a placement offer. Once you are ready to confirm your placement and dates, you can pay your confirmation fee to book and secure your space.
When you have confirmed your project dates we'll send you your Welcome Pack and lots of other helpful information to assist you with preparing for your placement.
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