The Micro Debt (Caught in microdebt-Tom Heinemann) English WEBRip-WATCHABLE

Synopsis: For decades, microcredit has been hailed as the #1 solution to eradicate poverty. However, interest rates ranging from from 30% to 200% make it impossible for most poor loan recipients 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 the cruel and rude behavior of some of the loan officers when it comes to defaulting on a single weekly payment.

"The Micro Debt" also takes a closer look at the 2006 Nobel Peace Prize laureates, Grameen Bank and Mr. Muhammad Yunus. The film reveals a number of secret documents proving how Mr. Yunus, back in the mid-'90s transferred 100 million USD, most of which was donated as grants from Norway, Sweden, Germany, the USA, and Canada to a new company in the Grameen family in order to save tax in the future.