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Twenty-two Cents: Muhammad Yunus and the Village Bank

by Paula Yoo

CCBC Review:

Muhammad Yunus grew up in Chittagong, India (now Bangladesh), seeing his mother give food to poor people, one of the many ways he learned about compassion and activism. He eventually became an economist, and when he returned home in 1971 after studying and teaching abroad, he began interviewing poor people to get a better understanding of poverty and how to fight it. He met women like Sufiya who worked hard making and selling crafts, but was unable to get out of debt after borrowing money for supplies at high interest rates from a local moneylender. Realizing small, low-interest loans would enable these women to get ahead, Muhammad was frustrated when no bank would agree to loan to people living in poverty. So Muhammad started Grameen, or “village,” Bank in 1977 to help transform the lives of people in poverty. Muhammad and Grameen Bank won the Nobel Peace Prize in 2006. An afterword tells more about microfinance and Grameen Banks, which can be found around the world, including here in the United States. ©2014 Cooperative Children's Book Center

CCBC Age Recommendation: Ages 7-10
Age Range: Grades 3-5 (Ages 8-10)
Formats: Biography, Autobiography and Memoir Picture book
Subjects: Bangladeshis and Bangladeshi Americans Economic Hardship and Poverty Girls and Women Money and Finances Muslim People
Diversity subject: Asian Muslim

Publisher: Lee & Low
Publish Year: 2014
Pages: 40
ISBN: 9781600606588
CCBC Location: Non-Fiction, 920 Yunus

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