The Micro Debt
Photograph by Lotte la Cour
Friday 11 March at 6.30pm
City University London
£5 full price; £4 concessions
Weekly pass £20; £15 concessions
Director/producer: Tom Heinemann
For decades micro credit has been hailed as the best solution to eradicate poverty.
However, interest rates from 30 to 200% often makes it impossible for 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.
And there is the added pressure from
some of the loan officers when it comes to defaulting on even a single weekly payment.
The film exposes the bank for the poor - Gameen Bank, and the micro finance masterminds that include the 2006 Nobel Peace Prize laureate Mr. Muhammad Yunus.
The Micro Debt screening will be followed by a discussion with filmmaker Tom Heinemann and Alex Counts of Gameen Foundation. This controversial documentary for the first time casts a critical eye on the issue of microfinance and its benefits to the developing countries.
Tom Heinemann's website
Flip the Coin
BBC: Court upholds sacking of Grameen founder Muhammad Yunus
The Financial Times: Bangladesh Escalates Anti-Yunis Campaign
Guardian article: Danish film offers a long-overdue reality check on microfinance
Asia Times article: Grameen's Yunus in cash scandal
The New York Times: Banks Making Big Profits From Tiny Loans
The Economist: Grameen Bank. Saint under siege
CIJ is a registered charity (number 1118602) and all proceeds from the ticket sales will go towards CIJ training events.