Microfinance and Business Development

Volunteers help making business plans, assisting the program directors, visiting the beneficiaries of the loans and interviewing communities.

35% of the Cambodian population lives under the poverty line ($1.25/day) – in order to strengthen the private sector and local economy, NGOs have begun setting up microfinance and microloan projects. Microfinance instutitions ("MFIs") lend money out to the poor (primarily women) in the form of microloans. Microloans are small loans that are given to an individual with very little income and almost no collateral in the hopes that he or she will use this money to start or expand their current businesses. Based off of the Nobel Prize winning model used by Mohammed Yunnus and the Grameen Bank, microfinance centers primarily around education. Potential applicants must go through a serious of trainings on topics ranging from financial literacy to health and hygiene. They are then split into groups with other individuals from their communities and are responsible for paying back the loans of those of those within their groups, should they default. This model of lending has resulted in almost perfect repayment rates that are much higher than their western counterparts. 

Volunteers help with making business plans, proposal writing, assisting the program directors, visiting the beneficiaries of the loans and interviewing communities that are part of the project. Depending on local needs, volunteers may also become involved in providing business consultations and trainings on opening savings accounts, running small businesses, evaluating loan applications, performing risk analyses, monitoring projects and overseeing repayment. Volunteers may also help to implement community

Suitable for

Couples
Singles

Typical day

The volunteer will assist the local staff in writing reports and success stories, visit the beneficiaries, help to select new participants and use their English skills to support the staffs in writing proposals and correcting reports. The volunteers can do survey with local staff by interviewing the local people. After they collect the data, the volunteer will do data entry. 

Program Requirements

Minimum Age
20 years
Language Skills
You need to speak English (intermediate level)
Education Requirements
Science at University level
Other Skills
Having obtained training in some areas or has some work experience in the related field is also helpful.
Time Commitment
Your helping hand will be required on Monday, Tuesday, Wednesday, Thursday and Friday from 08:00 - 16:00

Do you have any questions concerning this volunteer opportunity in Cambodia? Volunteer World directly connects you with Asia Volunteer Network

Microfinance and Business Development Provide loans to villager Free time at weekend Free time Free time at weekend Field visit Field visit Provide loans to villager Field visit In office Free time at weekend Volunteer accommodation Free time at weekend Free time at weekend At volunteer accommodation Field visit

Free-time activities

Every volunteers will get the weekend off. There are many places volunteers can visit at the weekend including the Royal Palace, Silver Pagoda, Wat Phnom, National Museum, Killing Field... Volunteers can also travel by bus to visit many provinces at weekend or during national holiday such as to Siem Reap to see Angkor Wat, the famous historical place or Sihahouk Vill and Kampot to see beaches. Phnom Penh is a very international city, you will find a lot of western bars, supermarkets offer western articels, and especially the riverside is the spot for diplomats, travellers and international ngo-workers. But of course, you will also find the Cambodian Culture everywhere in the city. Walk around the different markets, try the food of the food stalls at the street or just walk around the streets, there is really always something to explore. Phnom Penh is a good base for trips through the country as it is very central.

Swimming
Concert/Music
Diving/Snorkling
Climbing
Safari/Zoo
Hiking
Museum/Opera
Riding
Yoga/Meditation

Services

What's included?
What's Included: Pre-departure information, airport pick up, welcome package; which includes a volunteer guide and maps, welcome dinner at a traditional Khmer restaurant, food and accommodations (3 meals a day), 24 hour emergency contact, one day orientation plus a city tour. 
What's NOT included?
Visa, flights, travel insurance or vaccinations are NOT included in the program fees.

No worries, Volunteer World supports you in raising funds, checking your visa regulations and travel insurance. We also assist you in finding the cheapest flights for your journey.
Airport Pickup

One of our team will wait you at the airport. When you arrived at the arrivals area please look for a sign with your name written on it. We will bring you to our volunteer guest house and usually it take around 30 minute from the airport. On the way our team will explain you about safety and what prepare for tomorrow orientation.

Accommodation

The guest house is located in the center of City and are within minutes of many of the major tourist attractions. The guest house feature large roof decks for lounging, restaurants servicing local and western cuisine, WI-Fi, computers, bicycles for free rental, and laundry service. Most volunteers share room with other volunteers, however, private rooms can be booked for those that desire.

Guesthouse
Food & Beverages

You will be provided with three meals a day for breakfast, lunch and dinner at each of our guest houses. Khmer cuisine shares many commonalities with the food of neighboring Thailand and Vietnam and commonly contains rice, vegetables, or noodles. Breakfast typically includes coffee, tea, and juice with bread or eggs. Lunch and dinner meals typically consist of rice, noodles, soup, vegetables, beef, fish, pork and fruit.

Internet Access
Good access at the project site
Costs
6 weeks (min. stay)
$1032
7 weeks
$1185
8 weeks
$1338
9 weeks
$1491
12 weeks
$1950
14 weeks
$2256
24 weeks (max. stay)
$3786

You can volunteer at the project site in Phnom Penh/Cambodia between 6 weeks and 24 weeks. Please note that the above shown program fees are estimated and subject to exchange rate fluctuations. Asia Volunteer Network will tell you your final price during your application process.
Average Fees
$165/week
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 Asia Volunteer Network during the application process. Common solutions are either via bank transfer or a cash payment at the project site.

Get ready to volunteer in Cambodia

Check out first

Visa Regulations
Depending on your nationality, you have to arrange your visa for Cambodia. Please check the visa regulations for Cambodia.
Travel Seasons
Find out the best time to volunteer in Cambodia and receive information on weather and climatic conditions.
Living Costs
Living costs vary with each destination. We give an overview of what you should plan as an estimated budget to volunteer in Cambodia.
Budgeting
Generally, volunteering abroad involves certain costs. In case you need financial support, we will assist you to fundraise your volunteer program in Cambodia.

What's next?

Airport
The nearest airport is Phnom Penh International (PNH) in Phnom Penh. We assist you to find cheap flights to Cambodia.
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 Cambodia provides security and is a plus to have.
Vaccine Checker
If you are intending to volunteer in Cambodia you should seek medical advice before starting your social journey. Check your required vaccinations for Cambodia.
Free-time
What can you do in leisure-time in Cambodia while you are not working at your volunteer opportunity?
Packing List
Packing our bags is important to prepare your trip, but often turns into a last minute horror. Make sure you don't forget the essentials by creating a personalised packing list for your volunteer program in Cambodia upfront.
#32, Street 494 Sangkat Phsar Doeum Thkov Kham Chamkarmorn,PP, 12307 Phnom Penh, Cambodia