The project prepares students to understand common market research activities related to microfinancing. Students completing this project will be able to obtain active positions as loan officers and become facilitators in the intricate process of funding microbusinesses.
Students will gain an understanding of the broader contexts that explain and fortify the field of microfinance; such topics include how and why the current credit market fails to meet the financial needs of microbusinesses. They will take on roles to find and manage their own clients, requiring skills in business communications, including writing style, presentation and independent responsibility.
Student Success Internship Learning Outcomes
By the end of the program, students should:
- Understand the manner in which microfinance may be utilized to accelerate the expansion of local microbusinesses;
- Be familiar with the process of finding loan recipients and delivering a microfinance pitch;
- Be knowledgeable about the benefits and controversies of microfinance in modern economies;
- Have a general understanding of measuring the effects and value of individual microloans to businesses; and
- Be acquainted with the Kiva Zip microfinancing website that is used to fulfill the microloans and its corresponding application process, with emphasis in public profile creativity
Co-curricular Student Learning Outcomes
By participating in this program, students have the opportunity to:
- Acquire communication and presentation skills to explain the project to local businesses and identify candidates
- Learn how to utilize economics, business and finance skills to promote small-business success
- Learn about effective teamwork
- Learn how to implement analytical problem-solving skills in complex environments
