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A Basket Of Bangles: How a Business Begins
With seed money borrowed from a bank, a young woman and four of her friends in Bangladesh change their lives by starting their own businesses.
Hardcover, 32 pages
Published December 2nd 2005 by Millbrook Press
(first published April 1st 2002)
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If you want to explain what microloans are and how they work to a kid (or an adult, for that matter!), this is the book. Five poor women in Bangladesh want to earn more money to make their lives better. They each want to borrow some money from the bank to invest in a small business. The bank asks all five of them to borrow the money as a group. The women follow the rules of the bank and prosper. Because the bank trusts them, they are able to borrow more to expand their businesses. We're not ...more
Ok this is not a riveting book, however it is an interesting explanation of the Grameen Bank. It is also a very basic book to help kids understand the limits for opportunity that have lead to the creation of Micro-lending. I still wonder how much small children can grasp what is being described by these books and I am not sure older children say 10 and up would not find this too basic.
Set in Bangladesh, this book on a group of five women that take micro-loans from a bank to start businesses is simple enough that most middle elementary school grade audiences could follow it. Though it is a fictional account, it represents actual micro-loan banks. Not terribly exciting, but it could be used to clarify the topic and open up a lesson on the math involved.