Economic opportunity is the key to a community's success. As a Microfinance intern with the Foundation for Sustainable Development (FSD) you will be able to support diverse communities to build successful businesses, participate in communal banking, or navigate the microloan systems. FSD interns work with community-based partner organizations in Africa, Asia or Latin America to advance efforts that are important to the community. Interns work with their host-colleagues to develop a project plan aimed at supporting the organization's mission. Some interns may work on developing brand new projects, and others strengthen existing projects, but the focus remains on supporting local needs with local resources to ensure community ownership and long-term effectiveness. Interns are supported by in-country FSD field staff and live with host-families to foster community integration and cultural understanding.
Since traditional lending does not reach most marginalized communities, microfinance offers a collective solution that lends small increments of capital to local businesses. Along with credit, FSD partners train entrepreneurs to effectively integrate credit management and savings principles into their business growth. To help micro-entrepreneurs manage finances and increase sales and profitability, FSD interns work to expand microfinance and microenterprise efforts through capacity-building workshops, creating community connections, and supporting research and strategic development. FSD interns have the opportunity to work with organizations that directly interact with communities. Examples of initiatives that FSD interns work on include the development and financing of new businesses, teaching marketing and business strategies, performing cost analysis, assisting entrepreneurs to create budgets and business plans, and monitoring microfinance savings and loans programs.
Successful Candidates Should Be:
- Be a student studying business, commerce, economics, or related field of study
- Be able to read financial statements, understand their component parts, and have a good grasp of basic business concepts such as profit, loss, revenue, equity, and net income
- Be an enthusiastic self-starter, flexible, and punctual
- Have experience working with Excel
- Have good organizational, time management and problem solving skills
- Possess the ability to exercise flexibility, good judgment, and discretion
- Have an experience or knowledge of budgets, accounting and/or microfinance
- Have the ability to relate to people from diverse ethnic, cultural, and socioeconomic backgrounds
- Conversational Spanish for placements in Latin America