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612-822-4611
Twenty-Two Cents: Muhammad Yunus and the Village Bank

Twenty-Two Cents: Muhammad Yunus and the Village Bank

Paperback

BiographyGeneral Juvenile Nonfiction

Currently unavailable to order

ISBN10: 1620148099
ISBN13: 9781620148099
Publisher: Lee & Low Books
Published: Apr 3 2018
Pages: 40
Weight: 0.40
Height: 0.30 Width: 8.40 Depth: 10.60
Language: English

A biography of 2006 Nobel Peace Prize winner Muhammad Yunus, who revolutionized global antipoverty efforts by developing the innovative economic concept of micro-lending.

Now in paperback!

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.

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