In this section, you will hear a short passage. For questions 21—30, complete the notes using three words or fewer for each blan

In this section, you will hear a short passage. For questions 21—30, complete the notes using three words or fewer for each blank. The passage will be read twice. Remember to write the answers on the answer sheet.
   According to a recent Internal Revenue Service report, there are 18. 6 million small businesses in the United States. The US Small Business Administration reports that small businesses including the self-employed account for 58 percent of the US workforce and 40 percent of the gross national product. A National Science Foundation analysis shows that small businesses are a greater source of innovation per research and development dollar than are large businesses.
   And yet, starting a small business is very risky, and the change of success is small. According to the US Small Business Administration, the majority of small businesses fail in their first year, and 95 percent fail in the first five years. Underestimating the difficulties is one of the biggest impediments that entrepreneurs face.
   Another impediment for many people interested in beginning their own business is their ability to obtain loans. The rationale for banks is to supply money to those who already have money, collateral , and a credit history in order to assure repayment. This rationale, however, keeps those who are poor from creating financial self-sufficiency.
   Grameen Bank, created by Muhammad Yunnus of Bangladesh in 1976, has a different rationale. Grameen Bank provides small loans, typically under $ 100, to poor individuals who are unable to borrow from conventional bank, in order for them to establish "micro businesses. " To date, these include tailoring, food processing, basket weaving, livestock raising, and a number of other small enterprises. Grameen Bank currently boasts nearly two and half million borrowers in Bangladesh, Malaysia, India, Uganda, Mexico, the United States, and other countries. Proving that their policy of trusting their clients’ works, Yunnus states that their experience with bad debt is less than one percent.