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Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(1 - 15):Read the following passage carefully and answer the questions given below it. Certain words have been printed in bold to help you locate them while answering some of the questions.
Giving loans to impoverished women to make ceramics or to farmers to buy milk cows were not seen as great business. Microfinance was an industry championed by antipoverty activists. Today it is on the verge of a revolution, with billions of dollars from big banks, private - equity shops and pension funds pouring in, driving growth of 30% to 40% this year alone. In 1998, a nonprofit microfinance organization in Peru, converted into a bank (called Mibanco). This demonstrated that the poor are good risks who repay loans on time and getting them together, not only chips away at poverty but also turns a profit. The success of Mibanco has piqued the interest of commercial banks, which had previously shunned the country's poor. Now big banks are going after Mibanco's clients with low-rate loans and realizing it takes special know-how to work with the unbanked are hiring away Mibanco's staff.
But with the emergence of players who are only out for profit, microfinance schemes could end up milking the poor. This could happen in countries where lenders don't have to disclose interest rates. It When a Mexican micro financier went public, revealing its loans had rates of about 86% annually, the Consultative Group to Assist the Poor (CGAP) criticized it for putting shareholders ahead of clients. The pressure to turn a profit also forces micro financiers to change their business models in ways that depart from the industry's core mission : to help poor people lead better lives. Such shifts have caused the average loan size to triple. Moreover smaller loans being costlier to service, a lower percentage of loans go to women because they tend to take out smaller sums. According to CGAP, with the flood of new large entities there is the risk that a large percentage of cross-border funds go to Latin America and Eastern Europe, the world's most developed microfinance markets. The poorest of the world's poor, who are predominantly in Asia and Africa get left out, says the CEO of the nonprofit Grameen Foundation, which helps develop microfinance institutions.
Segmenting the industry, might be worthwhile if it allows more of the poor to get access to credit. Multinational corporations could take the top microfinance institutions to the next level, and the remainder could be the responsibility of development groups and regional banks. Yet making loans to poor people is hardly a poverty cure. Property rights and the rule of law matter too. One cannot over idealize what microfinance alone can do. Most nonprofits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. With an increase in competition and marketing efforts, poverty-alleviation experts are concerned that people will be talked into loans they wouldn't otherwise want. For example, organizations like Mibanco are providing consumer loans. There is nothing wrong with buying TVs and microwaves on credit, but certain markets, like Mexico, have been flooded with loans that have nothing to do with providing capital to aspiring entrepreneurs just increasing household debt.

Direction(16 - 20):Rearrange the following six sentences (A), (B), (C), (D), (E) and in the proper sequence to form a meaningful paragraph; then answer the questions given below them.
(A) Irrespective of hierarchical level, he would give undivided attention to those who voiced ideas.
(B) He would then ask him some probing questions and turn to his senior most manager to get these ideas implemented.
(C) What set him apart from other industrialists was that he was not interested in demonstrating his power over his employees.
(D) This is a prime example of how he fostered the participation of everyone in the organization.
(E) For example he would typically look intently at a young engineer presenting his ideas.
(F) Instead he thought of himself as one of the team.

Direction(16 - 20):Rearrange the following six sentences (A), (B), (C), (D), (E) and in the proper sequence to form a meaningful paragraph; then answer the questions given below them.
(A) Irrespective of hierarchical level, he would give undivided attention to those who voiced ideas.
(B) He would then ask him some probing questions and turn to his senior most manager to get these ideas implemented.
(C) What set him apart from other industrialists was that he was not interested in demonstrating his power over his employees.
(D) This is a prime example of how he fostered the participation of everyone in the organization.
(E) For example he would typically look intently at a young engineer presenting his ideas.
(F) Instead he thought of himself as one of the team.

Direction(16 - 20):Rearrange the following six sentences (A), (B), (C), (D), (E) and in the proper sequence to form a meaningful paragraph; then answer the questions given below them.
(A) Irrespective of hierarchical level, he would give undivided attention to those who voiced ideas.
(B) He would then ask him some probing questions and turn to his senior most manager to get these ideas implemented.
(C) What set him apart from other industrialists was that he was not interested in demonstrating his power over his employees.
(D) This is a prime example of how he fostered the participation of everyone in the organization.
(E) For example he would typically look intently at a young engineer presenting his ideas.
(F) Instead he thought of himself as one of the team.

Direction(16 - 20):Rearrange the following six sentences (A), (B), (C), (D), (E) and in the proper sequence to form a meaningful paragraph; then answer the questions given below them.
(A) Irrespective of hierarchical level, he would give undivided attention to those who voiced ideas.
(B) He would then ask him some probing questions and turn to his senior most manager to get these ideas implemented.
(C) What set him apart from other industrialists was that he was not interested in demonstrating his power over his employees.
(D) This is a prime example of how he fostered the participation of everyone in the organization.
(E) For example he would typically look intently at a young engineer presenting his ideas.
(F) Instead he thought of himself as one of the team.

Direction(16 - 20):Rearrange the following six sentences (A), (B), (C), (D), (E) and in the proper sequence to form a meaningful paragraph; then answer the questions given below them.
(A) Irrespective of hierarchical level, he would give undivided attention to those who voiced ideas.
(B) He would then ask him some probing questions and turn to his senior most manager to get these ideas implemented.
(C) What set him apart from other industrialists was that he was not interested in demonstrating his power over his employees.
(D) This is a prime example of how he fostered the participation of everyone in the organization.
(E) For example he would typically look intently at a young engineer presenting his ideas.
(F) Instead he thought of himself as one of the team.

Direction(21 - 25):Read each sentence to find out whether there is any grammatical error or idiomatic error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is no error, the answer is (5). (Ignore errors of punctuation, if any.)

Direction(21 - 25):Read each sentence to find out whether there is any grammatical error or idiomatic error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is no error, the answer is (5). (Ignore errors of punctuation, if any.)

Direction(21 - 25):Read each sentence to find out whether there is any grammatical error or idiomatic error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is no error, the answer is (5). (Ignore errors of punctuation, if any.)

Direction(21 - 25):Read each sentence to find out whether there is any grammatical error or idiomatic error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is no error, the answer is (5). (Ignore errors of punctuation, if any.)

Direction(21 - 25):Read each sentence to find out whether there is any grammatical error or idiomatic error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is no error, the answer is (5). (Ignore errors of punctuation, if any.)

Direction(26 - 30):Fill in the blanks with appropriate words

Direction(26 - 30):Fill in the blanks with appropriate words

Direction(26 - 30):Fill in the blanks with appropriate words

Direction(26 - 30):Fill in the blanks with appropriate words

Direction(26 - 30):Fill in the blanks with appropriate words