Paula Yoo is a children’s book writer, television writer, and freelance violinist living in Los Angeles. Her latest book, Twenty-two Cents: Muhammad Yunus and the Village Bank, was released last month. Twenty-two Cents is about Muhammad Yunus, Nobel Peace Prize winner and founder of Grameen Bank. He founded Grameen Bank so 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. In this post, we asked her to share advice on what’s she’s learned about banking, loans, and managing finances while writing Twenty-two Cents.
What are some reasons why someone might want to take out a loan? Why wouldn’t banks loan money to poor people in Bangladesh?
PAULA: People will take out a loan when they do not have enough money in their bank account to pay for a major purchase, like a car or a house. Sometimes, they will take out a loan because they need the money to help set up a business they are starting. Other times, loans are also used to help pay for major expenses, like unexpected hospital bills for a family member who is sick or big repairs on a house or car. But asking for a loan is a very complicated process because a person has to prove they can pay the loan back in a reasonable amount of time. A person’s financial history can affect whether or not they are approved for a loan. For many people who live below the poverty line, they are at a disadvantage because their financial history is very spotty. Banks may not trust them to pay the loan back on time.
Paula Yoo is a children’s book writer, television writer, and freelance violinist living in Los Angeles. Her first book, Sixteen Years in Sixteen Seconds, won Lee & Low’s New Voices Award. Her new book, Twenty-two Cents, was released this week. In this post, we asked her to share advice on publicizing your first book for those submitting to the New Voices Award and other new authors.
BUT… winning the New Voices contest was just the start. I had to do several revisions of the manuscript based on insightful critiques from my editor Philip Lee. Because this was a biography, I had to do extra research and conduct many more follow-up interviews to make sure all the facts of my manuscript were accurate. And then after all the line edits and copy edits and proof reading checks and balances were completed, I had one more thing to do.
No problem, I thought. All I had to do was answer that huge questionnaire the Lee & Low publicity department sent me. Our publicists were amazing – they were already aggressively sending out press releases and getting me invited to a few national writing conferences for book panels and signings.
Last month we brought together past New Voices Award winners to see their advice for new writers. Today, in our next installment in the series, we ask these talented authors to share how it felt to have their first book published.
This year marks our 14th annual New Voices Award writing contest. Every year, LEE & LOW BOOKS gives the New Voices Award to a debut author of color for a picture book manuscript.
When I first held my first baby, the room became flooded with sunlight. She and I were bathed in its soft glow. At that time I thought it was magical yet now I concede it might have simply been the sun breaking out from behind some clouds. Regardless, I felt blessed and triumphant as only a new mom does.
Happy Friday, friends! Perhaps some of you have seen that this week (May 1-7) began NaPiBoWriWee, or National Picture Book Writing Week. Author Paula Yoo started NaPiBoWriWee back in 2009 to celebrate the release of her picture book Shining Star:
I thought it would be fun to challenge myself to write 7 picture books in 7 days. I had been procrastinating writing another new picture book draft for the longest time. So I thought, “What if I force myself to try and write 7 different picture book manuscripts in one week?” Sure, the drafts would be sloppy rough drafts. But at least I’d have 7 FINISHED drafts to choose from when it came to serious revisions and possible submission to my book agent.
“It’s a pretty sad situation to be rejected by [the] Chinese because I’m ‘too American’ and by American producers because they prefer other races to act Chinese parts.”— Anna May Wong, quoted from James Parish and William Leonard’s Hollywood Players: The Thirties (New Rochelle, New York: Arlington House Publishers, 1976, pp. 532–538)
Anna May Wong dreamed of becoming a famous movie star in Hollywood. As a child working in her family’s laundry in downtown Los Angeles, Anna was often distracted by movies being filmed on location. While dropping off her customers’ clean laundry, Anna would hover nearby on the sidewalk to observe the actors, directors, and camera crews.
Anna, however, had no idea that she would also become a pioneer for actors of color, thanks to her determination to overcome the discrimination she faced in the 1930s as one of the few actresses of color in the industry. Like many struggling actors, Anna was forced to accept certain roles she found demeaning (and even racist) because the competition was so fierce in Hollywood.