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€400,000 worth of jewellery pawned at Monte di Pietà
In two years and a half, €392,874 were given to individuals who left their jewellery at the public ‘bank’.
21 August 2011, 12:00am
Franica Pulis
Franica Pulis
Sister newspaper Illum reveals how in the last two years and a half, Monte di Pietà gave some €392,874 to persons who were in urgent need of money.
The Monte di Pietà Buildings provide a pawning service whereby precious articles are accepted as security against a low interest (5%) loan. Usually, gold, silver and other precious jewellery are the most pawned.
The Monte di Pietà loans money for a maximum period of three years. The loan is based on the value of objects brought by the individual.
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Faqar, Faqar u aktar Faqar
Dan mhux suppost li huwa forma ta social service, jekk huwa hekk ghaliex interesi ta 5%?
Il Bank ma jaghtix daqshekk interessi. Il-gvern qed jaghmel uzura legalizzata?
