€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’.

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.

 

Read more in Illum’s digital edition

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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?

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