What is the Microfinance Internship in Peru all about?
This Microfinance Internship in Peru has been working for 20 years, providing microfinance services to the local communities in and around Cusco, especially to those living in rural areas. Many Peruvians live off of small business ventures, like selling artisan products or running food stalls at the markets. Microfinance is an important option for people, who cannot receive loans from reputable sources, to borrow money for developing and continuing their businesses. These small loans help the workers to expand their businesses and earn more income to support their families.
The local team has a good understanding of the challenges facing borrowers and are aware of the types of people and businesses that are able to repay the loans. They’ve noted that women, in particular, have proven to be reliable in their repayments. This understanding is essential in ensuring that this microfinance programme is sustainable. Those interested in banking, accountancy or economics will find this Microfinance Internship placement extremely interesting as it would give them a unique perspective into the financial matters of another culture.
Why choose this Microfinance Internship in Peru Placement?
Interns ensure this project’s success by helping with community visits and administrative work. They also provide new perspectives and ideas to the local team for running financial education sessions. Interns will gain a much better understanding of the process of microfinance by seeing aspects like borrowers, loan securement and repayment challenges and the impact of this service to poorer communities.
Role of the Business & Microfinance Intern
Interns will support local staff with their duties and may be involved with:
- visiting borrowers to gage their financial management and business success
- visiting small companies that do money loans
- running education sessions on financial management, including introducing the concept of savings
- assisting with administrative tasks and paper work as needed
All interns will be expected to be flexible as tasks will vary depending on the progress of the different loan cycles.
What skills do I need to be a Business & Microfinance Intern in Peru?
Interns should be able to speak Intermediate Level Spanish (Level B1 Intermediate User of CEFR) as they will need to be able to converse with borrowers who speak little to no English. Interns who are studying or who have a background in economics, accountancy, banking or international development will be of most use to the local project team. Interest in this project is very high and it is recommended to apply in advance to ensure your placement.
WHY JOIN THE PROJECT
To help local communities expand their businesses
To learn about the challenges facing microfinance lenders and borrowers
To live in the vibrant city of Cusco
Where will I work in Peru?
You will be located in Cusco, the archaeological capital of the Americas and the oldest continuously inhabited city on the continent. You’ll enjoy the city’s vibrant, historic center as you explore its alleys, made of original Incan stone walls, and filled with vendors in bright, traditional costumes selling mouthwatering food and precious artisanal items. Spend your days wandering through the churches, plazas and markets. At night, attend a free salsa lesson held in one of the many clubs around the main plaza!
On weekends, you can choose from exciting adventure activities like white water rafting or zip lining, or hike around old Incan ruins throughout the Sacred Valley. Many volunteers take a day or two to visit the incredible Machu Picchu, a New7Wonder of the World.
Details & Costs
- Duration: 4+ weeks
- Cost: £1604 / $2504 for 4 weeks
£328 / $512 for each week thereafter
- Requirements: Age 18+
- Location: Cusco, Peru
- Working hours: Monday – Friday, 5 hours per day
- Project availability: All year round
- Arrival day: Saturday
What is included
- Accommodation: single or shared room in a homestay
- Food: 3 meals per day
- Airport pickup and drop-off at Cusco International Airport
- Training: pre-departure pack, on-site orientation and project induction
- Support: 24-hour support from on- site coordinators
- Excursions: staff can help you to plan extra activities for your spare time (activity costs will be extra)
What is not included
- Daily transport to and from project
- Extra Spanish classes are available for £85/$149 for 10 hours. Please contact us for more information about booking.
- 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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