Chapter 3

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Chapter 3Business and Money

Getting meaning from context (p.50)

Clues to meaning1.e.g. (exampli gratia Latin words) =

for example

2. i.e. = that is/in other words i.e. is written before a piece of

information that makes meaning of something clearer or shows its true meaning.

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Getting meaning from context (p.50)

For example: She traveled through several

countries in Latin America Latin America – e.g., Argentina, Peru, Columbia, and Brazil.

Lisa worked as a photojournalistphotojournalist; i.e., she took pictures and wrote stories about the people she met.

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Getting meaning from context (p.50)

1. people who own and run their own small businesses

2. group members make sure that each person pays back his or her loan

3. violence and lack of education

Previewing the topic (p. Previewing the topic (p. 48)48)

1. Compare the social or economic classes of the people in the photos on page 48.

2. What might people be doing in the photo of the bank?

3. What is necessary in order to get a business loan from a bank in your country?

4. Is it possible for people in your country to move up in their economic class? (if so, how can they do it?)

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Previewing the topic (p. Previewing the topic (p. 49)49)

Brainstorm the problems of very poor people. Then brainstorm possible solutions to these problems.

Write your ideas in the chart provided.

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Page 49Page 49

Problems Possible Solutions

•Poor health •Provide free medical care

•Lack of education •Provide free education

•Being unemployed •Give them job

•No accommodation •Provide shelters

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Read a passage on page 52-Read a passage on page 52-54!54!

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Organizing ideas using a Venn diagram (p. 55)

This diagram has two connecting circles to demonstrate that the similarities between two things.

The areas that are not connected indicate the differences between two or more concepts in the reading.

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Organizing ideas using a Venn diagram (p. 55)

Common Goals

Grameen Bank Global Fund• lends small amounts of money• helps people begin business• 94% of borrowers are women• requires borrowers to join a borrowing group (peer pressure)

• gives grants

• helps find solutions to social ills

• provides funds for women only

• the same goal: the eradication of poverty• a lesson: give a chance to the poor

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Checking comprehension (p.55)

1. Borrowers must have character and capacity and join a borrowing group.

It isn’t necessary to have collateral.

2. The bank lends to women because men usually spend money on themselves.

It doesn’t lend to people in urban areas because borrowers in cities do not always repay the loans.

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Checking comprehension (p.55)

3. The subsidiary effect is the change in the social status of women. They receive more respect.

4. Some of the social ills associated with poverty are violence against women, lack of health care, and lack of education.

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Recognizing word meanings (p.63)

1. D

2. A

3. B

4. E

5. C