Microfinance - Business Development

Non-profit
·
founded in 2018
YearOut Africa
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Coordinator | Kormi
Coordinator | Kormi
Book with Flex Option! Choose new departure dates or change to a different volunteer program at no extra costs.

High­lights

Build your personal and professional network
Develop your confidence and resourcefulness
Sharpen your verbal and non-verbal communication
Be involved in more in-depth analysis, for example conducting long-term financial projections
Make FRIENDS, TRAVEL and enjoy your stay in GHANA. It will be a unique experience.
YearOut Africa runs a small grassroots microfinance program in the Teshie Municipality area of Ghana. This volunteer program is especially suitable for:
Age 18+
Singles
Couples
Families
Groups
50+

YearOut Africa runs a small grassroots microfinance program in the Teshie Municipality area of Ghana. YearOut Africa’s project complements the work of other initiatives run by the government and other organizations which aim to reduce both urban and rural poverty. Volunteers / Interns will work in YearOut Africa’s Microfinance partnered organization office alongside local staff for implementation of the program.

The idea behind microfinance is quite simple. We provide loans or particular financial products to individuals who may not be able to access these from a traditional bank. These loans are repaid in full over an agreed time period. This simple process has several additional aspects in which self-motivated volunteers with the right skill set can be a great help. 

Volunteers can assist the programmed by reviewing loan application forms, completing the daily ledger, conducting exit interviews with those who have completed their repayments, updating the beneficiary profiles and visiting the beneficiaries to monitor their growth and receive repayments.

During a longer placement a volunteer is likely to be involved in more in-depth analysis, for example conducting long-term financial projections, reviewing the program’s policies and procedures, and helping to develop new microfinance products.

·       Conduct research and analyze the growth patterns of beneficiary businesses

·       Provide business advice to beneficiaries through translation by the program’s Ghanaian staff

·       Discuss program ideas and implementation with YearOut Africa Coordinator.

·       Write about the project and research case studies for publication in the media

·       Research different funding and grant opportunities that the organization could apply to in order to help the beneficiaries in different forms and not only in giving them loans

 

 

Typical day

 Work Schedule,

Monday to Thursday 7 hours per day, 35 hours in a week.

 

 First Day: On the first day of volunteering, volunteers will be escorted to their placement by a local coordinator and introduced to the placement staff they will be working with. 


A typical daily schedule would be as follows:


7.30AM Breakfast at the volunteer house.

8.00AM Volunteers can expect to leave home and walk to your placement, where you’ll join the placement staff. Volunteers will be given a duty roster and plan for your work. There is usually a tea break and a lunch break.

2.00PM - 5.00PM Work at the project usually ends. Volunteers are free from this point to go sightseeing or do some shopping.

6.30PM Dinner at the volunteer accommodation.

Please note, this schedule can vary depending on the project you’re participating on.

Free-time activities

YearOut Africa volunteers are in luck as their host country is unique and has a lot to offer. You can get your wildlife fix at Mole National Park, where you’ll glimpse the iconic animals which have made Africa famous. You’ll see 90 species of mammals that make their home there, including elephants, hippos, cheetahs, baboons, and antelope. Kakum National Park boasts a suspension bridge canopy walk, and Wli Waterfall offers great hiking with spectacular views. For water lovers, you will find a number of unspoiled beaches and world-class surfing.


Ghana is steeped in history, its impressive buildings a testament to a sad and tragic heritage tied to the brutal slave trade and architecture buffs will have their fill of a variety of structures. Be sure to visit Cape Coast Castle, an impressive white-washed seaside fort where you can learn about the poor slaves who were held there and then carried away from their homes on great ships.


Volunteers in Ghana will also have the chance to explore a vibrant colorful culture. Bustling markets like Kajetia with its 11,000 stalls, are a great place to meet locals and pick up a variety of goods such as the renowned and beautiful wax print Kente cloth fabrics. Ghana also offers delicious cuisine, and a wealth of restaurants, bars and grills to taste the local fare and experience a little nightlife while you are out and about.

Swimming
Concert/
Music
Sightseeing
Shopping/
Souvenirs
Climbing
Safari/
Zoo
Hiking
Museum/
Opera
Sports

Require­ments

In order to join the program you need to be at least 18 years old on the program start date. There might be exemptions if you can provide the permission of your legal guardian(s) or if your are accompanied by your parents.
Language Skills
You need to speak English (basic level)
Required Documents
CV, Certificates and Photo
Nationality Restrictions
No restrictions. Helping hands from all over the world are welcome.
Other Skills
You should have a passion for banking, finance or lending. Volunteers / Interns must also have some basic skills in Excel, as it is a key tool used on this project.   Volunteers / Interns are expected to come with ideas and be willing to share those with the project team.
Time Commitment
Your helping hand will be required on Monday, Tuesday, Wednesday, Thursday and Friday from 08:00 - 16:00

What's Included

Services by YearOut Africa

WHAT IS INCLUDED

  • Pre-departure support
  • Airport pickup and Drop-Off
  • Orientation
  • Accommodation
  • 3 Meals Daily
  • Wi-Fi internet access
  • Volunteer T-shirt
  • Certificate of Participation

WHAT'S NOT INCLUDED?
  • Plane Ticket (s) /Air Fare
  • Visa fees
  • Travel insurance
  • Local transportation to and from program placement
  • Weekend Trips

Airport Pickup at Kotoka International Airport

YearOut Africa’s Coordinator will be at the airport to pick you up; no matter what time you arrive.

Accommodation

YearOut Africa provides a decent, clean and safe accommodation for all our volunteers / interns. All volunteers / interns will stay in YearOut Africa’s volunteer house accommodation consisting of comfortable rooms in a safe, conveniently located neighborhood. Lodging arrangements consist of modern toilet facility and running water. volunteers / interns will share a room together in gender-segregated group lodging.

Dorm Room Bedroom (Single) Bedroom (Double)
Food & Beverages

Volunteers / inters will be served three healthy meals daily – Breakfast, Lunch and Dinner.  Volunteers / interns will enjoy delicious meals and traditional Ghanaian cuisines.

Internet Access
Good access at the project site
What's NOT included?
Visa, flights, travel insurance or vaccinations are NOT included in the program fees.
Flight Tickets
The nearest airport is Kotoka International Airport (ACC) in Accra. We assist you to find cheap flights to Ghana.
Travel Insurance
Going abroad is an adventure and it is always best to be prepared. Sudden illness or injury, cancellation or theft - a travel insurance for Ghana provides security and is a plus to have.
Vaccines
If you are intending to volunteer in Ghana you should seek medical advice before starting your social journey. Check your required vaccinations for Ghana.

Dates & Fees

NO CREDIT CARD FEES

Details on arrival

All year round

Availability
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Duration
4 - 19 weeks

Program fees

Costs: Prices in USD
4 weeks (min. stay)
$800
5 weeks
$1,000
6 weeks
$1,200
7 weeks
$1,400
9 weeks
$1,800
11 weeks
$2,200
19 weeks (max. stay)
$3,800
Average fees
$200 /week

Please note that the above shown program fees are estimated. YearOut Africa will let you know about the final price during your application process.
Deposit (15%)
The deposit is simply to reserve your volunteer placement. Payments are handled by PayPal, our trusted global payment provider. If you don't have a PayPal account, you can also pay using a credit card.
Final Payment (85%)
Your final payment will be agreed with YearOut Africa during the application process. Common solutions are either via bank transfer or a cash payment at the project site.

Why book with Volunteer World

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We refund your fees if YearOut Africa cancels your trip
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All program fees are charged directly by YearOut Africa.

What are people saying about Volunteer World?

Microfinance - Business Development

YearOut Africa runs a small grassroots microfinance program in the Teshie Municipality area of Ghana.

$200/week

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