I guess it depends on what you mean by this part.
Both are business-related. A summer pay-to-play program likely won’t be highly regarded by any college, but she may personally get something out of the experience.
You didn’t give much detail on the unpaid internship, so it’s hard to guess what she will get out of it. Colleges will see it as an exploration of her interest in business, but how much value they give to it depends on what she is able to contribute and learn through it.