One Hen - How One Small Loan Made a Big Difference (CitizenKid)

One Hen - How One Small Loan Made a Big Difference (CitizenKid)
by Katie Smith Milway

One Hen - How One Small Loan Made a Big Difference (CitizenKid)
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Book Summary Information

Author: Katie Smith Milway
Illustrator: Eugenie Fernandes
Edition: Hardcover
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2008-02-01
ISBN: 1554530288
Number of pages: 32
Publisher: Kids Can Press, Ltd.

Book Reviews of One Hen - How One Small Loan Made a Big Difference (CitizenKid)

Book Review: Rutgers University Project on Economics and Children
Summary: 5 Stars

A child named Kojo lived with his mother in a tiny village in the Ashanti region of Ghana. The villagers came up with the idea of pooling their savings and making small loans to alternating village members for various business activities. When it was Kojo's mother's turn to receive a loan, she purchased a pushcart to help her sell more firewood at the market, and Kojo used the few leftover coins to buy a hen.

That single hen made an enormous difference not only to Kojo and his mother, but ultimately to the entire country. The hen laid enough eggs for Kojo and his mother to enrich their diets and for Kojo to sell the extras at the market. Saving the egg money enabled Kojo to purchase another hen, and after a year, Kojo had a flock of 25 hens. Selling all their eggs yielded Kojo enough money pay the fees for school, where, after many years, he gained the qualifications he needed to become a commercial farmer. Another loan after his graduation helped him to start a new poultry farm that grew to become Ghana's largest farm, leading not only to job creation but also to export earnings and tax revenues.

Based on true events in the life of Kwabena Darko, a successful poultry farmer from Ghana, this informative book makes an excellent resource for teaching children about loans and entrepreneurship. Moreover, the book provides a nice opportunity to teach children about the work of Dr. Muhammad Yunus, a banker and economist who won the Nobel Peace Prize in 2006 for developing the idea of microfinance, which includes very small loans to low-income people to start their own businesses. Colorful illustrations and a child's point of view make this lesson accessible and interesting to young learners.

Summary of One Hen - How One Small Loan Made a Big Difference (CitizenKid)

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 Ghana, and one of the largest in west 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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