GRAMEEN BANK

A) Put these words and phrases together to summarise the first section of the recording:

economics teacher                bamboo stools                borrow money

no collateral                        42 people                        27 dollars

B) Now fill in the blanks in this summary of section 2:

But what makes the Grameen bank so different?

Whereas conventional banks will lend you money only if you already have money or possessions, Grameen bank lends mostly to ____________________________. The loans are small and come with a built-in _______________________ scheme just in case something happens to the ________________________. The relationship is based on ______________ and _________________________.

Borrowers must _____________________ a group of borrowers and share responsibility for other members’ loans.

Another difference is that Grameen has a social programme, which includes actions like improving their __________________________________, ________________________ and _________________________.

C) Finally, say what these figures in section 3 refer to:

2 million                                96%                                99%

7000                                                16 million