Publisher: Lee & Low Publishers

Copyright Date: 2018

Edition Date: 2014 Release Date: 04/05/18

Illustrator: Akib, Jamel,

Pages: 1 volume (unpaged)

ISBN: 1-620-14809-9

ISBN 13: 978-1-620-14809-9

Dewey: 921

LCCN: 2013041045

Dimensions: 28 cm.

Subject Heading:
Yunus, Muhammad,. 1940-. Juvenile literature.
Yunus, Muhammad,. 1940-.
Grameen Bank. Juvenile literature.
Grameen Bank.
Bankers. Bangladesh. Biography. Juvenile literature.
Economists. Bangladesh. Biography. Juvenile literature.
Microfinance. Developing countries. Juvenile literature.
Bankers. Bangladesh.
Economists. Bangladesh.
Microfinance. Developing countries.

Language: English

Bibliography Index/Note: Includes bibliographical references.

Reading Level: 3.0

Interest Level: 2-5

Reading Counts!: reading level:8.6 / points:3.0 / quiz:Q64810

Lexile: 1010L

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. 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.