Award-winning documentary “Microdebt” available at the SSE Riga Library
The award-winning documentary “Microdebt” by Tom Heinemann is now available at the SSE Riga library. The film is a critical investigation of the microcredit phenomenon. The film screening and discussion was organized by The Centre for Media Studies at SSE Riga, on February 8, 2012.
Microcredit has been hailed as the solution for eradicating poverty. The Danish independent journalist and filmmaker, Tom Heinemann, questions that “truth”.
He has met with poor people in Bangladesh, in India, and in Mexico who now have access to microcredit. Microcredit borrowers told the same story over and over again: They were pressured to take out new loans to cover the unpaid balance on the old ones. They paid interest rates between 30 and 200 percent, and were under extreme pressure from other members of their groups not to discuss the cruel treatment and harassment they received from loan officers if one would default on a single weekly payment.
The film also presents interviews with renowned microfinance experts.
Tom Heinemann has been an independent investigative journalist for two decades. He has been awarded as "Outstanding Investigative Journalist" twice, and three times as runner-up for "Journalist of the Year" in Denmark. In 2007 he won the Prix Italia in the Current Affairs section. His films have been screened all over the world, and he has received numerous awards for his work on global issues.