A 375-Year-Old French Bank Forgives Debts of Paris’ Poorest The Crédit Municipal de Paris, also known as the “Mont-de-piété,” the bank of the poor, has allowed the needy to get loans against their valuables for centuries—acting as a kind of ethical pawnshop, or the original microlender. To celebrate its 375th anniversary, thousands of lucky French people had their financial obligations forgiven after the country’s oldest bank decided to simply wipe their slates clean. Read more on GOOD→ 
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A 375-Year-Old French Bank Forgives Debts of Paris’ Poorest

The Crédit Municipal de Paris, also known as the “Mont-de-piété,” the bank of the poor, has allowed the needy to get loans against their valuables for centuries—acting as a kind of ethical pawnshop, or the original microlender. To celebrate its 375th anniversary, thousands of lucky French people had their financial obligations forgiven after the country’s oldest bank decided to simply wipe their slates clean.

Read more on GOOD→ 

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  9. animinimalism reblogged this from good and added:
    Well done, Frenchies.
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    That’s awesome.
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