Twenty-Two Cents : The Story of Muhammad Yunus
Overview - Growing up in Bangladesh, Muhammad Yunus witnessed extreme poverty all around and was determined to eradicate it. In 1976, as an Economics professor, Muhammad met a young craftswoman in the village of Jobra who needed to borrow five taka (twenty-two cents) to buy materials. Read more...
More About Twenty-Two Cents by Paula Yoo; Jamel Akib
Growing up in Bangladesh, Muhammad Yunus witnessed extreme poverty all around and was determined to eradicate it. In 1976, as an Economics professor, Muhammad met a young craftswoman in the village of Jobra who needed to borrow five taka (twenty-two cents) to buy materials. No bank would lend such a small amount to an uneducated woman, so she was forced to borrow from corrupt lenders who charged an unfair interest rate, and left her without enough profit to buy food. Muhammad realized that what stood in the way of her financial security was just a few cents. Inspired, Muhammad founded Grameen Bank where people could borrow small amounts of money to start a job, and then pay back the bank without exorbitant interest charges. Over the next few years, Muhammad's compassion and determination changed the lives of millions of people by loaning the equivalent of more than ten billion US dollars in micro-credit. This has also served to advocate and empower the poor, especially women, who often have limited options. Twenty-two Cents is an inspiring story of economic innovation and a celebration of how one person--like one small loan--can make a positive difference in the lives of many.
Publishers Weekly Reviews
Publishers Weekly® Reviews
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In detailed and inviting prose, Yoo shares the story of activist and Nobel Peace Prize winner Yunus, beginning with his childhood in the city of Chittagong (then part of India). Yoo describes Yunus’s growing awareness of the injustice of global poverty and of the power of peaceful protest to incite change. Scenes include Yunus’s presence on the steps of Capitol Hill, where he rallied for peace between Bangladesh and Pakistan, and his return to a ravaged Bangladesh following the war, where his compassion and economic knowledge lead to the development of Grameen Bank. Akib’s grainy, jewel-toned chalk pastels contrast a sense of scarcity and deprivation with one of warmth and humanity. Yoo makes the significance of Yunus’s contributions understandable, relevant, and immediate. Ages 6–11. (Aug.)