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How One Small Loan Made a Big Difference
Kids Can Press
February 2008
On Sale: February 1, 2008
32 pages
ISBN: 1554530288
EAN: 9781554530281
Hardcover
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Childrens
Inspired by true events, One Hen tells the story of Kojo, a
boy from Ghana who turns a small loan into a thriving farm
and a livelihood for many. After his father died, Kojo had to quit school to help his
mother collect firewood to sell at the market. When his
mother receives a loan from some village families, she gives
a little money to her son. With this tiny loan, Kojo buys a hen. A year later, Kojo has built up a flock of 25 hens. With his
earnings Kojo is able to return to school. Soon Kojo's farm
grows to become the largest in the region. Kojo's story is inspired by the life of Kwabena Darko, who
as a boy started a tiny poultry farm just like Kojo's, which
later grew to be the largest in east Africa. Kwabena also
started a trust that gives out small loans to people who
cannot get a loan from a bank. One Hen shows what happens when a little help makes a big
difference. This help comes in the form of a microloan, a
lending system for people in developing countries who have
no collateral and no access to conventional banking.
Microloans have begun to receive more media attention in
recent years. In 2006 Muhammad Yunus, a Bangledeshi
economist who pioneered microloan banking, won the Nobel
Peace Prize.The final pages of One Hen explain the microloan
system and include a list of relevant organizations for
children to explore.
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