BMGT448N and LASC 448W: Microfinance Consulting in Nicaragua (3 Credits)
|Program Dates||Spring Break 2017, exact date TBA|
|Destinations||Managua, Granada, and San Juan del Sur, Nicaragua|
|Program Fee||$2,350* (estimate)
*This estimate is based on the 2016 program fee. Exact program fee is TBA. Fee does not include airfare, visa processing if applicable, most meals, and personal expenses.
|Scholarships||$500 Smith School Scholarships available for 1st time study abroad experience. Please visit the financing study abroad page for information.|
|Application||Application opens May 1, 2016
Application deadline is October 1, 2016
|Syllabus||Sample syllabus | 2014 Itinerary|
Join “Microfinance Consulting – Nicaragua” during Spring Break 2017 and impact real businesses with your business knowledge. Students in this course will be paired with Nicaraguan students from Universidad Americana, a bilingual business college to work on consulting projects for local organizations as well as local entrepreneurs. Speaking Spanish is a plus, but is not required for participation.
1) CONSULT FOR A MICROFINANCE ORGANIZATION: Student teams will expand and continue consulting services, develop generic business plans and market assessment tools to microfinance lending organizations including, Opportunity International.
2) CONSULT WITH LOCAL ENTREPRENEURS: Students will extend and continue consulting services to new local entrepreneurs to develop and revise business plans, devise strategies and reorganize their business structures. Students will we welcomed at a round-table gathering of those who business people who have already been helped by previous Smith teams.
3) EXPLORE NICARAGUAN CULTURE: Students may visit an active volcano, art galleries, artisan shops, a chocolate factory, enjoy the local cuisine, folklore dancing and music, as well as surfing, swimming and zip lining.
Read student blogs from prior courses: Smith's Global Blogs from Nicaragua.
Smith Business Magazine Article: Microfinance in Action
A laptop, several mannequins and the know-how of 11 visiting Smith School students were all it took to help Roxana, a small entrepreneur in Nicaragua, expand her in-home clothing business. The students accomplished this feat on their study abroad course to Nicaragua in January 2012, helping Roxana and several other local entrepreneurs get a financial leg up. Read more...
Course is open to freshmen through seniors and all majors are welcome.
What Else Do You Need to Know?
International flights should not be booked until confirmation of course acceptance.Once registered for the course, students are advised, but not required, to purchase refundable airplane tickets to counter any inconvenience caused by a change in unforeseen circumstances. Oftentimes, students have made their travel arrangements through STA Travel, a discount student travel agency. Each student will, however, be responsible for payment in full of their own flight.
THE COURSE PROGRAM FEE includes UMD tuition for 3 credits; lodging in shared accomodations; almost every meal; transportation in and around Managua for scheduled activities including transport to/from Managua airport; on-site support and orientation; costs for any mandatory academic and cultural excursions and/or activities; professor and partner fees; pre-departure meetings and excursions; UM Education Abroad services; International health insurance.
Not included: personal expenses, a few meals, optional trip insurance and international airfare. Students are responsible for obtaining and paying for their own visa and/or entry fee where applicable.
PAYMENT FOR APPLICATION & PROGRAM FEE is divided into three separate charges that are collected accordingly:
- A non-refundable $50 application fee payable online by credit card is due at the time of application.
- Upon acceptance into the program, a $250 non-refundable deposit payable online by credit card is due within 10 days or less. The exact due date of this deposit will be communicated when student is accepted. Applicants understand that when he/she pays this deposit after being accepted into the program, it is deemed to be a commitment of participation. This deposit is non-refundable under any circumstances.
- The remaining program fee balance will be due upon Education Abroad's registration of student into the program. This amount will appear on the student's account and will be payable before the end of the next billing cycle. See UMD's Education Abroad website for other refund and withdrawal rules. Any scholarship monies awarded by Smith will be credited to the student's account once the charge appears on his/her account. All efforts will be made to have the scholarship monies credited prior to payment due date.