Microfinance: Changing Lives $50 at a Time

Microfinance is a category of financial services targeted at individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poorclients; savingand checking accounts; microinsurance; and payment system. Microfinance services are designed to be more affordable to poor and socially marginalized customers and to help them become self-sufficient.

Source: Wikipedia

Theree billion people roughtly half the world's population live on lees than two dollars a day.

Vocabulary of the unit:


Make do: manage.

Bear the brunt: surffer the worst.

As opposed to: compared to.

Upward mobility: lowest economic level.

Safety net: plan or arrangement to help un case of ploblem of difficulties.

Bottom of the pyramid: moving toward a better position.

Non- monetary: not related to money.

Profit margins: the difference between business expenses and informe.

Pull themselves up by their bootstrap: improve their situation though hard work.

Top- down aid: assistance from higher levels.

Grassroots: related to ordinary people.


Niche market: specific or specialized market.

Gift that keeps on giving:  A gift that continues to grow and benefit its recipient.




Unreal conditional- Present, Past, Mixed


Conditional sentences express ideas about things which happen or do not happen because of certain situation. They consist of an" IF clause" and the " result clause". Use unreal conditional to express ideas which are contrato to fact in the present, past, or both.

Past unreal conditional

Mixed unreal Conditional