Last week, the Public Broadcasting Service (PBS) an American non-profit public broadcasting network showed a 7 minute video report about Microfinance in India and the crisis in Andhra Pradesh. The report features among others Vijay Mahajan, Ela Bhatt and Subramanyam Reddy.
Why are vulnerable borrowers being harmed rather than helped by microcredit companies ? Misgivings are spreading about what was once seen as a powerful weapon in the battle against poverty.
Read the transcripts here and the full video follows below: