7. December
Topkino
9.00 p.m. / Kleiner Saal
The introduction of micro-credit in the 1970s
by the late Nobel Peace Prize winner Muhammad Yunus is prized as a successful means of combating poverty today. Tom Heinemann's documentary describes the downsides. Through interviews with stakeholders and experts, the director tries to show that the micro-credit meant the way out of poverty for only a fraction of the recipients . Many, due to high interest rates and immediate repayment obligations, fell into even greater financial distress were put under pressure to sell all their belongings to repay the banks.
by the late Nobel Peace Prize winner Muhammad Yunus is prized as a successful means of combating poverty today. Tom Heinemann's documentary describes the downsides. Through interviews with stakeholders and experts, the director tries to show that the micro-credit meant the way out of poverty for only a fraction of the recipients . Many, due to high interest rates and immediate repayment obligations, fell into even greater financial distress were put under pressure to sell all their belongings to repay the banks.