What Fellows Do
1) Fellowship Kick Off
The Fellowship starts with a three day classroom based crash course in U.S. microfinance. This intro training equips fellows with basic skills needed to be successful during summer internships.
2) Microfinance Immersion
After the kickoff, fellows spend 8 weeks learning from hard working Americans and microfinance practitioners about the opportunities for microfinance to transform communities. Fellows review loan applications, open savings accounts, and coach clients. All travel expenses are paid and fellows receive a $2,500 stipend.
3) Launch a Campus MFI
After the summer, fellows return to campus with new skills and confidence to launch microfinance initiatives. Lend for America offers year-round support to help new Campus MFIs get off the ground.
Microfinance Immersion Locations
Chapel Hill, North Carolina
“Microsavings and homelessness: A relationship based approach to financial services”
Est. 2009, University of North Carolina
The Community Empowerment Fund offers comprehensive workforce development services, opportunity classes, and safe savings accounts for individuals experiencing or at-risk of experiencing homelessness. This year, CEF helped 247 clients save $55,000 and open 205 bank accounts.
Providence, Rhode Island
“Consumer lending and financial capability”
Est. 2009, Brown University
The Capital Good Fund (CGF) is a financial empowerment organization that provides high-quality, innovative and transformational financial services to underserved families. CGF offers small loans, Financial Coaching and free tax preparation to those in need. In 2013 alone, CGF distributed 74 loans and prepared 709 tax returns.
New Brunswick, New Jersey
“Growing strong businesses, making loans and technical assistance”
Est. 2008, Rutgers University
The Intersect Fund is a non-profit microlender and certified CDFI that provides business training, coaching and microloans to low-income, minority and women-owned businesses throughout New Jersey. To date, the organization has served over 450 clients, disbursing over $1 million in micro-loans since its inception.
Application and Selection
Are you currently enrolled at US based university? Undergraduate and graduate students are welcome to apply.
Are you able to commit to program dates from Jun 20-Aug 15?
Round 1: We want to get to know you. Submit your application using the form to the left by March 30.
Round 2: Show us you're the person we're looking for by completing the Lend for America Challenge.
Round 3: Meet the team through video interviews.
Applications are accepted until March 30
Selection process will be conducted on a rolling basis until May 15