Micro Dreams(2010) Promo Add Video
During the 1970s, a peculiar approach to dealing with poverty started from rural Bangladesh and within a few decades, crossing borders and frontiers, reached myriad nooks and corners of the globe. Termed by many just as 'old wine in a new bottle', that fascinating and widely acclaimed approach is commonly known as microfinance.
Bangladesh is considered as the birthplace of modern microfinance which started nearly four decades ago with the inception of the Grameen Bank. Microfinance in general got unprecedented international coverage and sheer admiration when its founder Mohammad Yunus was awarded the Novel peace prize in 2006.
The UN declared the year 2005 as the 'year of microfinance' encouraging similar initiatives in other parts of the globe. Today, the industry reportedly serves more than 30 million poor people only in Bangladesh employing nearly two hundred thousand
workers. However, microfinance has often been criticized as a capitalist invention for trapping and exploiting the poor, accelerating dependency and keep distracting the working class off the way to ultimate emancipation and a radical social transformation.
In autumn 2009, a young Nepalese filmmaker extensively travelled dozens northern Bangladeshi villages meeting hundreds of microfinance service users and observing the alleged change brought about by the system. The documentary, Micro Dreams (2010), features the crux of his findings and poses some crucial questions to microfinance practitioners, development agencies and governments across the globe as to whether microfinance should continued to be taken as a virtual panacea for economic development and social empowerment of the poor.
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