The Micro Debt
For decades Microcredit has been hailed as the #1 solution to eradicate poverty. However, interest rates from 30 to 200 % makes it impossible for most poor loan takers in Mexico, India and Bangladesh to pay back their loans. The poor are under extreme social pressure from the other members of their groups - not to mention how cruel and rude some of the loan officers behave when it comes to defaulting a single weekly payment.
Movie Information
Status
Release Date
January 31, 2011
Runtime
1h 0m
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(0 votes)
Overview
For decades Microcredit has been hailed as the #1 solution to eradicate poverty. However, interest rates from 30 to 200 % makes it impossible for most poor loan takers in Mexico, India and Bangladesh to pay back their loans. The poor are under extreme social pressure from the other members of their groups - not to mention how cruel and rude some of the loan officers behave when it comes to defaulting a single weekly payment.
