I’m excited to announce a sneak preview of my latest book (fourth one so far!) that launches this August 15, 2014. It’s my third children’s picture book biography to be published by Lee & Low Books. The book is called TWENTY CENTS: MUHAMMAD YUNUS AND THE VILLAGE BANK. It is scheduled for a Fall 2014 release. The amazing illustrator for the book is Jamel Akib.
I had the honor and privilege of interviewing 2006 Nobel Peace Prize winner Muhammad Yunus who won, along with his organization, Grameen Bank, for using the concept of “micro credit” to help eradicate poverty in Bangladesh.
The book description currently is: “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.”
The book also received a wonderful review from KIRKUS REVIEWS. Wow. Thank you!
KIRKUS REVIEW (June 29, 2014)
Microbanks aren’t new, although they are gaining prominence. Here is the story of the first—or at least the formal first—and the one that gained the most notoriety.
Muhammad Yunus grows up in the far-eastern part of India before Partition, in what is now Bangladesh. Although his father makese a decent living, Muhammad is exposed to poverty every day, from beggars at his door to the poor encampments he sees during his Boy Scout excursions. He graduates university, and each day as he walks to work, he passes a woman making stools from bamboo; she is obviously in dire financial straits. He stops to speak with her, to learn her circumstances. Yoo tells the story clearly and unflinchingly, though compassionately, explaining to readers the dreadful trap of the debt cycle. That is lesson No. 1 in this book: The debt cycle is a global plague. Yunus realizes that a simple monetary gift will not help the women out of poverty, but a tiny loan that brings her and other village women into entrepreneurship can. This is lesson No. 2 and what earns Yunus the Noble Peace Prize. Akib’s artwork is drawn in hot shades of pastel that are at once unforgiving and exhilarating.
A heart-gladdening testament to pulling your own suspenders tight, with a little help from your friends. (Picture book/biography. 6-11)
(Full review here: https://www.kirkusreviews.com/book-reviews/paula-yoo/twenty-two-cents/)
I will post updated blogs as we get closer to the book’s publication date (August 15, 2014). You can also follow all my latest book updates and news on Twitter @paulayoo.
Stay tuned for more breaking book & TV & music news plus of course, more self-indulgent pictures of my cats. Until then, remember… HAPPY WRITING! WRITE LIKE YOU MEAN IT!