Handout Unit 13 1. Questions about the Article 1 Who is Mr Lesseps? 2 What does he think about poverty and terrorism? 3 What is Blue Orchard? What does it specialize in? 4 How much does a microcredit bank usually lend? 5 How does it differ from a usual loan? 6 How much is the microcredit loans market worth now? 7 Why does Mr Lesseps lend money to poor people? 8 Give an example of how microfinancing may work. 9 What is LIBOR? 10 How many percentage points are borrowers charged for a loan? 11 What does Mr Lesseps say about the potential of microfinancing? 2. Make or do? Complete each sentence with the correct form of ‘make’ or ‘do’. 1. There’s a rumour going round that PeIly’s are going to ........ a bid for Squash International. 2. Please ........ your best to get these typed before 5 o’cl0ck, 3. Who shall I ........ the cheque out to? 4. If we don’t get some orders soon we’ll have to ........ some of our workers redundant. 5. I’m afraid you’ll have to ........ without the other photocopier until we can get the part we need from the suppliers. 6. We’ve been ........ business with them for over thirty years now. 7. Considerable progress has been ........ and we hope to put some concrete proposals to our members tomorrow afternoon. 8. The bank has decided to ........ extra provision against bad debts this year. 9. They’ve been ........ a roaring trade since they decided to advertise on local television. 10. We have ........ a considerable profit on the sale of that land. 11. I’ve got all these invoices to ........ before I can go home. 12. The business was so run down when she took it over that nobody expected her to ........ such a success of it. 13. Something as simple as changing the size of the lettering on the packet can ....... all the difference to your sales. 14. Increasing production will ........ even more demands on machinery which is already breaking down at an alarming rate. 15. They could ........ with some computer paper in the wages office. 16. We’ve ........ away with the old system of clocking in. 17. A customer has ........ a complaint about one of our salespeople. 18. In fact, Gravers have ........ us a favour by launching their product first. We can learn from their mistakes. 3. Definitions – choose a word and define it. Your partner will guess which word you are defining CENTRAL BANK INVESTMENT BANK INTEREST RATE VENTURE CAPITAL POVERTY ASSET MANAGEMENT PAYEE BORROWER ATTRITION COMMERCIAL BANK LIBOR JOINT VENTURE TAKEOVER START-UP TAXATION COLLATERAL PENSION CREDIT HISTORY RATING AGENCY MONEYLENDER DEPOSIT MICROCREDIT BANK 4. Preview – complete the prepositions specialize advising think expanding a business arrange a company to go public information market trends put a plan forecast a sector take a stake the capital go ahead their projects advise different ways get involved strategic planning assist them growing 5. Career skills 1. A wants to __________________________ eastern European markets. B says they have a ___________ in southern Europe and should ________________ their position there. A is ready to ____________________ without B on the team 2. An investor wants to ____________________ a company. He has already helped other companies to go public in the ________________sector 3. A thinks the ___________ should be made to pay __________________ for their losses. B is worried that if they lose it will mean _______________________ for them C says that the bank made _______________ predictions, which caused the share price fall ______________. 6. Complete the sentences with the correct form of the word in brackets 1. Careless spelling mistakes in a letter can create an _________________ (favour) impression. 2. He ________________ (deliberate) made fun of her. 3. Police often ___________________ (grade) the seriousness of violence against women in the home. 4. The scandal has damaged his _________________ (credit) as a leader. 5. CBS will end the series if it continues to drop in the __________________ (rate). 6. He has problems ___________________ (find) a job. 7. We all doubt the ______________ (accurate) of government statistics. 7. Microlending – listening to a podcasts 1) What does Peter Day investigate? 2) What is Bangladesh recognized for? 3) What is the target group of microlending? 4) Who is Muhammad Yunus and how was he awarded for his activities? 5) What are western investors doing in this industry? 6) What triggered the credit crunch recession? 7) When was the Grameen bank established? 8) What did Muhammad Yunus base his trust in poor people on? 9) Who is a typical customer? 10) What activities do they lend money for? 11) Explain the numbers: 7,5 million 97% $100 million $ 200 98-99% 12) What is important about growing economy in Bangladesh? 13) What do critics say? 14) What are the milestones of the lending history of the woman interviewed? Listen to the interview with Muhammad Yunus and write down in what he differed from traditional banks.