The present Montes de Piedad originated in Italian piety mount, Montepios, promoted by Franciscan preachers. They are currently made up of nonprofits with a social business.
Montes de Piedad offers credit in exchange for jewelry Of gold, Plata, platinum or diamond pieces, without endorsement, solvency studies or guarantees. He is a for thousands of people. represent the best way to reach Credit Immediate concession in non-abusive financial situations.
Madrid’s Monte de Piedad, Founded in 1702 by Father Picker, the pastor of the Descalzas Reales Monastery, it is the oldest in Spain and celebrates its 320th anniversary this year. He laid the foundation of the rest of the mountains of Spain and laid the pillars on which savings Bank, If we look back in history, we come to the Ark of Alms, which emerged in Spain in 1431.
It is the largest pledged lending institution in this country and second in Europe by volume of operations. it has a network six offices In Madrid, Mostoles, Cordoba, Granada, Alicante and Palma.
International Association of Mortgage and Social Credit Institutions (Pignus) These days 22 members from 14 countries in Asia, America, Africa and Europe have gathered to celebrate their annual meeting in Madrid. Pignus has highlighted that the key profile using mortgage loans is a middle aged womanThose in charge of the domestic economy and who exercise effort in the event of an unforeseen or specific need.
During the incident it was revealed that the mortgage credit is somewhat “original” and in 95% of the cases those who pledge their jewelery recover it.
In addition, he pointed to a new trend within profiles that demands this credit, where more and more people have been seen in recent years. autonomous or workers in seasonal areas. “That’s another credit, you have to remove the desperate person component, there are many profiles,” he said. santiago guilloDirector of the Forestry Network of the Monte Madrid Foundation.
The incorporation of this profile began in the 2008 crisis and has been maintained, therefore offering one of the innovations being implemented in almost all of Spain’s forests. specific product For this profile, with some special condition to mitigate the effects of the pandemic crisis.
difference between continents
During the meeting, it was pointed out that there are significant differences between the average of operations between different continents and the guarantees promised. in europa and the average debt in North Africa is 700 dollars (661.75 euros) and pawns are mainly focused on jewelry, works of art and antiques or even musical instruments, as is the case with Austria.
However, in North America and the average credit from the south is approx 400 dollars (378.14 Euro) and all types of guarantees are accepted, from jewelry, electronics, decorations or equipment to cars. in Asiathe average falls 100 dollars (94.54 euros) And, although all kinds of commodities are also allowed, gold is the main guarantee.
In 95% of cases, people who pledge their jewelry get it back
Provided and renewed over 230,000 operations for a global amount in 2020 €152 million,
“It’s important to uncover as many new customers as we can” 14 or 15 people per day In Spain, with a special presence of the entrepreneur or the self-employed”, highlighted Ramón Alba, president of the Spanish Association of Montes de Piedad (Prescia).
Incidentally, the name modestydi Piet in Italian, was originally added to distinguish these montes from other types of montes by serving charitable purposes.
Commitment credits Montes de Piedad with a history of three centuries