Track 8

Unit 5b.

Economics.

Microcredit: changing lives.

Page 83.

Build your vocabulary.

1. borrow.

I’m going to the bank tomorrow to borrow money to open a shoe store will have to pay the money back over the next several years.

1. exclude.

In some places banks exclude women from getting money to start a business. The banks believe that women are not good business owners.

1. impact.

Our brother’s new shoe store had a big impact on his family life. He worked 80 hours a week and only saw his wife and kids on Saturday and Sunday evenings.

1. individual.

The individual who owns the most successful bakery in our town was once a poor single mother.

1. labor.

Tatjana labored in the fields all day digging up, potatoes and picking corn.

1. lends. The bank lends money to people it believes can pay the money back.

2. loan.

My parents didn’t have enough money to pay for our house so they got a loan from the bank. My parents must pay back a little each month.

1. profit.

Last year, my friends bought some land for $4000 today. They sold it for $8000, so they made a 100% profit.

1. purchase.

The store owner used money from the bank to purchase land. On that land, she built a bigger better store.

1. traditional.

My sister works for a company that is old and very traditional. The company prefers to do things the same way it did things many years ago.