BUSINESS AND MONEY
CHAPTER THREE
LEARNING OBJECTIVES
By the end of the lesson, students will be
able to
1. Draw conclusion of the reading text
2. Summarize the reading text
Part One
Discuss the following
pictures:
-
Where do you think
the photos were
taken?
-
Why do people buy
things?
Banking on The Poor
Briefly look over the list of words from the reading that follows:
Poverty
lift
Character
fund
Capacity
plow
eradication
Literacy
Collateral
Subsidiary
Microlending
microenterpreneurs
anonymous
worthless
take the initiative
peer pressure
social ills
Getting Meaning from context
Sometimes abbreviations (shortened forms of
words) help us to understand a new word or
phrase:
e.g.= for example
i.e.= that is = in other words
This is a group of microentreprenuers—i.e. people
who own and run their own small business.
Who are microentrepreneurs?
Read the text entitled “Banking on the Poor” [Interactions
2, pp. 47-48]
3.1. Summarizing (p.49)
Circle the number if the one main idea of the reading
selection:
1.
There seems to be o escape from poverty for many
people.
2.
Microlending is a system of banks and programs that
are loaning money to people in borrowing groups.
3.
It’s possible to break the “cycle of poverty” with
planning, education, cooperation, and some money.
4.
Good Faith and the Global Fund for Women give
money to poor people.
3.2. Skimming (for main ideas)
-
-
As discussed in the previous chapter to find the main
ideas you may skim the text quickly.
The focus is not in the details, but in the main idea
(topic). A paragraph usually tells about one topic
(subject). The topic is just a word or noun phrase---a few
words.
Read the text again pp. 47-48 and find topic and topic
sentence of each paragraph.
3.3. Discuss with your friend the following
questions (p. 50)
1.
2.
3.
In your country, do banks require collateral before they
loan money to someone? What kind of things are used
fro collateral?
In your country, do people sometimes join a
cooperative group to borrow money? If so, what are
these groups called? How do they work?
What are some social problems in your country? What
are people doing to solve them?
PART TWO
Read the following article:
http://www.planuk.org/wherewework/asia/indonesia/childrensavefortheireducatio
n/
Answer the following questions:
- What the main idea of the text?
- Write an outline of the text?
- What is main objective of the program?
- What is the role of local bank?
PART THREE
To break “the cycle of poverty”, people do not
only need money, but they also need planning,
cooperation, and education.
Find at least two English articles which exposed
the serious efforts of a local government or non
government organizations to help the poor in
Indonesia to be a microentrepreneur.
The task will be submitted on the second meeting.
(Week 4)