Grameen Bank - Business Model

https://www.youtube.com/watch?v=UuZo7W4ku2U

Grameen Bank - Business Model

Answer the following questions:

Why don’t profit-maximizing businesses pay any attention to the problems that people in developing countries face?
What is the entire theory of business based on?
What element of human nature does Muhammad Yunus base his business principles on?
What is the mission of Grameen Bank?
What is meant by adequate housing conditions?
What are the basic requirements for children’s education?
What are the minimum hygiene standards?
What financial standards for the households are established?
What are the minimum nutritional or health care requirements?
In what way did the children exceed Muhammad Yunus’s expectations?
Why was it impossible to solve the people’s problems by teaching?
What list did he create? For what purpose did he make this list?
How did the local bank manager react to Muhammad Yunus’s request to lend money to the poor people?
How did Muhammad Yunus obtain a loan from the bank to help the poor?

Identify whether the following statements are true or false:

Muhammad Yunus followed the principles of conventional banking.
The repayment rate equals 98% due to collateral security.
Muhammad Yunus is more willing to lend money to women.
All the five members of each group are allowed to take out a loan from the very beginning.
The revenue of Grameen bank goes to charities.
Grameen bank outsources its risk management activities.
Grameen bank is only active in Bangladesh and it isn’t going to globalize.
One of the reasons for the banks success is effective communication.
When Muhammad Yunus started his business, he was a management guru.
At the beginning Grameen bank was totally independent, but now it has become a governmental organization.
Muhammad Yunus gets support in the form of funds and grants.
Dependence on charities results in unsustainable environment.

Find the synonyms for the following words in the text:

1. Whole, complete 2. Supposition, conjecture 3. To carry out, to accomplish 4. Sufficient, acceptable 5. Decent, proper 6. To surpass, to outdo 7. To give, to grant 8. Effect, influence 9. To shift, to give way 10. Traditional, mainstream 11. To aim, to select 12. Bilateral, reciprocal 13. Summary, abstract 14. Method, approach 15. To execute, to fulfill 16. Assistance, support 17. Reliance 18. Erratic, unpredictable

19. Non-viable, untenable

Find the words corresponding to the following definitions:

The provision of accommodation.
Lack of consideration for other people.
Concern more with the needs and wishes of others than with one's own.
A silvery-white metal.
A sum of money due as one of several equal payments for something, spread over an agreed period of time.
An interest-bearing deposit account held at a bank or other financial institution that provides a modest interest rate.
Expert skill or knowledge in a particular field.
A moneylender who charges extremely high rates of interest, typically under illegal conditions.
Considered suitable to receive credit, especially because of being reliable in paying money back in the past.
A person or organization that provides a guarantee.
The extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history.
A system of methods used in a particular area of study or activity.
The amount of money paid out per unit time.
A problem or difficult situation that has the effect of creating new problems which then cause the original problem or situation to occur again.
The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise.
An insurance product that enables consumers to ensure repayment of credit if the borrower dies, becomes ill or disabled, loses a job, or faces other circumstances that may prevent them from earning income to service the debt.
An amount of money that a government or other institution gives to an individual or to an organization for a particular purpose such as education or home improvements.