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One Hen: How One Small Loan Made a Big Difference
Source: Council for Economic Education (EconEdLink) | Type: Lesson

The picture book One Hen: How One Small Loan Made a Big Difference, written by Kate Smith Milway, takes place in Africa. Here in a Ghanan village, young Kojo cannot afford to go to school after the death of his father. His resourceful mother takes out a small loan and with a few leftover coins he buys a chicken. Soon he is selling eggs and with the profit slowly acquires a large flock. Kojo is able to complete his education and establishes a business that becomes the foundation of his entire community. Upon adulthood, Kojo loans money to aspiring entrepreneurs and the cycle of economic growth continues. Based on a real-life story, this upbeat microfinance story helps students grasp economic and personal finance concepts and admire creative problem solving.

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Reviews

Love the book!    February 25, 2011
By: Byrd, R
Loved the book for the lesson!
 

Fabulous Book with lesson!    December 14, 2011
By: Littrell, R
This is my current favorite book. It teaches so many economic concepts including scarcity. It introduces the concept of microfinance and the benefits of the relatively new economic institution that is making the difference in the lives of many poor people around the globe. For more indepth economic understandings go to http://bmcee.uark.edu/336.asp . -Dr. Rita
 

Review from EconEdLink.org January 20, 2011
By: Jane B.
I am so excited about this lesson. I plan to create a "literary mystery bag" for my nieces, nephews, and grandchildren to include the book, some objects from the book, and the activities so generously provided in this lesson. Thank you EconEdLink.