Definitions
pay back
To return money that was borrowed from someone.
Wealthy
affluent
His ___ attitude made him focus solely on wealth.
materialistic
I give you power to buy or pay, but only for a temporary stay. You must return me, that's the deal, my presence in your life is real. What am I?
loan
What are the possible purposes for which the borrowers might use the loans obtained through Kiva?
Borrowers might use the loans to start a business, attend school, open a clinic, or build housing.
sacrifice
To give up something valued for the sake of other considerations.
forfeit
sacrifice
She promised to _____ the money she borrowed from her friend.
pay back
After you've paid the necessary tolls, I am what’s left to fulfill your goals. Not needed for bills, but yours to command, spending or saving, it's in your hand. What am I?
disposable income
Analyze the broader societal impacts of micro-credit projects like those of Grameen Bank and Kiva, as described by Muhammad Yunus and Sam Daley-Harris.
Micro-credit projects help people get out of poverty, promote peace and stability, and enable people to care for themselves and their children, thereby preventing conflict.
disposable income
Income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.
Financial plan
budget
They had to ____ their vacation to save money for the house.
sacrifice
Invisible but powerful, I am sometimes a must, without me, you might be lost. I let you borrow, buy, and spend, but always remember, you must amend. What am I?
credit
What is the repayment rate of loans provided by Grameen Bank, and what does this indicate about the system?
The repayment rate is 98%, indicating that the system is highly effective and borrowers are reliable in repaying their loans.
splurge
To spend money freely or extravagantly.
worth
value
His ___ habits allowed him to save a lot of money.
thrifty
I am something few possess, a sign of great success. Found in places grand and fine, where luxury and wealth align. What am I?
affluent
Explain the significance of the borrower profile posted on the Kiva website.
The borrower's profile allows people around the world to read about their needs and lend money to them through the Kiva platform.
thrifty
Using money and other resources carefully and not wastefully.
Accumulate
save up
She decided to ___ on a fancy dinner for her birthday.
splurge
Occasional indulgence, breaking the norm, spending freely, against the storm. I’m a treat, a joyous spree, though not the norm, what am I?
splurge
Quantify the total amount and the number of loans provided by Grameen Bank since its inception.
Grameen Bank has made an estimated $5.7 billion in loans to more than six million people in Bangladesh.