Program Dates (tentative)
Summer 1: May 6, 2012 through June 3, 2012
*(final date will not vary by more than approximately one week)
Group Leader
Dennis Shaughnessy
Application Deadline
APPLICATIONS ARE NOW CLOSED
Dominican Republic Field Study
Program Documentary
Created by Michaela D’Amico
“By participating in this program, I can honestly say that I learned a lot about social entrepreneurship, micro-finance, South Africa, and how the world works. I found class discussions very engaging and they often challenged conventional wisdom.”
Stephanie Page, Class of 2011, CBA Finance
Dominican Republic Field Study
The Field Research Program in the Dominican Republic is built on the principles of rural micro-finance, village banking and the Grameen Bank model of solidarity, specific to rural “batey” communities of the Dominican Republic. The academic portion of the program includes daily classes emphasizing social entrepreneurship, micro-finance and impact measurement. Classes are supplemented with site visits to social businesses throughout the country, including micro-finance networks, agricultural co-operatives and development organizations.
In the afternoon, students spend at least 3–5 hours “in the field” daily in batey communities where Haitian sugar plantation workers live in rural farm lands of La Romana and San Pedro de Marcolis. The purpose for this field exercise is to collect metrics for Esperanza International, the University’s field partner in the Dominican Republic. Esperanza is a leading microfinance organization in the island of Hispaniola and is an active Kiva field partner.
In this micro-consulting project, students design a qualitative or quantitative metric tool to assist Esperanza with measuring social impact for the organization’s 18,000 active borrowers with a loan portfolio of approximately $20 million USD. Students also create a final presentation or deliverable which includes recommendations to management for best practices in the field of micro-finance. The fourth week of the program incorporates a week of service learning and additional site visits to the neighboring island of Cuba, where Esperanza International also has satellite lending offices. The Field Research Program will compare the typology of microcredit in a traditional capitalist economy in contrast to Cuba’s socialist economy. Students will also be given the opportunity to visit Esperanza’s partnerships with public health clinics and programs.
Course Credits
You will receive 8 semester hours of academic credit for this program:
Cost of Program
$9,460 (full Summer tuition for the 2011–2012 academic year)
*Please note that the Social Enterprise Institute awards private, need based scholarships for students with cases of financial hardship. Eligibility will be determined from the student’s financial aid counselor and through a separate application process with the Social Enterprise Institute.
Accommodation
Students will live in split their time in hotel accommodations in the capital city of Santo Domingo and Santiago. Accommodations are included in Summer I tuition. Various travels to different parts of the island/Caribbean may include a change in hotel venue.
Application Process
To apply, please visit www.oisp.neu.edu (if before application deadline)
Eligibility
Please note this program is only open to sophomores or above with a minimum 2.8 GPA. Exceptions can be made for freshmen applicants who have previously enrolled in a course with Professor Shaughnessy. Students who do not meet this requirement but still wish to apply must contact SEI at sei@neu.edu
Preference is given to students who have completed coursework with the faculty leader though not required.
Disclaimer
Some information posted here is tentative and subject to change based on costs and dates of available flights. The website is updated as current information becomes available.