Muhammad Yunus is a Bangladeshi banker and economist. 1) __________ a professor of economics, he is most famous for his successful application of the concept of microcredit, the 2) __________ of small loans to entrepreneurs too poor to qualify for traditional bank loans. He is the 3) __________ of Grameen Bank, and he and the bank were 4) __________ awarded the Nobel Peace Prize for their efforts to create economic and social development among the poor.

During visits to the poorest households in the village of Jobra near Chittagong University, Yunus discovered that very small loans could make a 5) __________ difference to a poor person. Jobra women who made bamboo furniture had to take out usurious loans to buy the bamboo. He made a loan of USD 27.00 from his.Yunus believed that if given the chance the poor would repay the 6) __________ money and hence microcredit could be a 7) __________ business 8) __________. He eventually managed to 9) __________ a loan from the Janata Bank to lend it to the poor in Jobra in December 1976.

Q1 -
Former
Formerly
Ex-
The former

Q2 -
extend
extent
extension
extends

Q3 -
finder
founder
foundation
findings

Q4 -
joint
either
jointly
bi-

Q5 -
disproportionate
disproportionately
proportionate
proportionately


Q6 -
lend
loan
borrowing
borrowed

Q7 -
viable
viably
unviable
unviably

Q8 -
models
modelling
model
modelled

Q9 -
incur
secure
insecure
procure