TWENTY-TWO CENTS: Muhammad Yunus and the Village Bank

This poignant picture book biography describes Muhammad Yunus,

the man who developed microcredit, or the economic movement that gives small loans to the impoverished and that is breaking the cycle of rural poverty around the world.Born into a middle-class family in what is now Bangladesh in 1940, Yunus studied economics in America as a Fulbright scholar, where he saw Vietnam War protests and was “impressed by the students’ belief that they could make a difference.” Returning to Bangladesh after its brutal war for independence, Yunus was overwhelmed by resulting poverty, drought, and exploitation by moneylenders. He met a struggling craftswoman. Though she only needed 22 cents, she was denied a loan because her illiteracy and poverty made her a “banking untouchable.” In response, he founded Grameen (Village) Bank to make small loans to the poor, and the concept of microcredit was born. Honored in 2006 with a Nobel Peace Prize, Yunus accepted and in his speech celebrated “the hundreds of millions of women all around the world who struggle every day to make a living and bring hope for a better life for their children.” Yoo’s text is straightforward and detailed, and her story of a true hero of the modern world will resonate with students, while the accompanying illustrations enhance the narrative through line and color in soft chalk pastels. Back matter includes a bibliography of sources, an afterword with information about poverty in America, and an update on Yunus’s life since his retirement in 2011. This hopeful and inspiring tale sheds light on an important but little-known subject who made a huge difference."

- SCHOOL LIBRARY JOURNAL

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."

- KIRKUS REVIEWS

In this illustrated take on the unusual topic of microcredit banking,

Yoo and Akib bring to life the remarkable work of Muhammad Yunus and the Grameen Bank. The account begins with Yunus' birth in Chittagong, India, in 1940, and moves chronologically through his education in Bangladesh and the U.S., the founding of the bank in 1977, and his Nobel Peace Prize in 2006. Threaded through the narrative are glimpses of the moments that sustained and inspired him: his father's advice to "learn from the world," the shocking poverty he saw all around him, political activism, and the potential he recognized in the determination and integrity of working women. Akib's pastel illustrations are at once impressionistic and realistic. The rich, light-infused colors brighten this biography just as Yunus' work brightens the lives of real women and families whose destinies have been transformed. Best suited for a middle-grade audience, this eye-opening picture book provides an affecting look at how simple ideas can change the world.”

- BOOKLIST

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.”

- PUBLISHERS WEEKLY

This poignant picture book biography describes Muhammad Yunus,

the man who developed microcredit, or the economic movement that gives small loans to the impoverished and that is breaking the cycle of rural poverty around the world.Born into a middle-class family in what is now Bangladesh in 1940, Yunus studied economics in America as a Fulbright scholar, where he saw Vietnam War protests and was “impressed by the students’ belief that they could make a difference.” Returning to Bangladesh after its brutal war for independence, Yunus was overwhelmed by resulting poverty, drought, and exploitation by moneylenders. He met a struggling craftswoman. Though she only needed 22 cents, she was denied a loan because her illiteracy and poverty made her a “banking untouchable.” In response, he founded Grameen (Village) Bank to make small loans to the poor, and the concept of microcredit was born. Honored in 2006 with a Nobel Peace Prize, Yunus accepted and in his speech celebrated “the hundreds of millions of women all around the world who struggle every day to make a living and bring hope for a better life for their children.” Yoo’s text is straightforward and detailed, and her story of a true hero of the modern world will resonate with students, while the accompanying illustrations enhance the narrative through line and color in soft chalk pastels. Back matter includes a bibliography of sources, an afterword with information about poverty in America, and an update on Yunus’s life since his retirement in 2011. This hopeful and inspiring tale sheds light on an important but little-known subject who made a huge difference."

- SCHOOL LIBRARY JOURNAL