Pandemia triggers jewelry on Mount of Piedad Vigués

The crisis derived from the pandemic filled the mount of piety that is in Vigo - scheduled by raising - with numerous people with economic problems in search of liquidity.The formula is simple: the institution grants rapid loans endorsed by gold jewels that the client insists and that in the vast majority of cases they recover.The institution last year 3.500 operations, a figure similar to the previous year, worth 1 million euros and the average amount of operation increased to 700 euros because the price of gold shot in 2020 (active refuge during the crisis), hence the appraisalof the goods outside the rise during the pandemic and the customers could receive more money for the deposit of their jewels than their owners have to be.Among them there are bracelets, rings, pieces with bright and emeralds, laces, gold coins and watches."They have great sentimental value and the vast majority recover them," explains Carlota Sánchez-Monontaña Puga, attached coordinator of the area of Higher EDUCATION OF EARKING ABOUT THIS FINANCING FORMULA BASED BASED BASED BASED."They suppose a shelter for many people with difficulties because they know they can recover it," he says.

50 to 3.000 euros a day

The Mount of Piedad Vigués has a stable client portfolio, many of years ago, the vast majority are women (80%) and is a tool used mainly by the older collective.“More than 70% of our clients exceed 50 years and the group of more than 65 represents about 40% of our portfolio.The crisis brought new people to the mountain, but most are life of a lifetime, "they explain from an eighteenth.In fact, there are many who come with the same jewel several times because the vast major.

Proper eme/supository administration class is a vital class for Our More Mess-Enclined Students Who Might Need S ... https: // t.CO/IVI4huklrn

— Maxxy the Apathetic Supervillain Sat Mar 20 03:33:35 +0000 2021

A team of gemologists is responsible for assessing the jewel based on the current 18 -carat gold contribution and the loan granted is 75% of the appraisal fixed.The minimum amount granted by Mount Vigués is 50 euros and the maximum of 3.000 euros a day and the maximum capital borrowed to the same person is now in 8.000 euros.The possibility of a challenge is offered in the event that the client could not satisfy the amount of the credit and, if necessary, the jewels go out to public auction prior notice to the owners who have a preferential right of recovery up to 24 hours of the exhibitionof the lots.

The Mount of Piedad de Enfundación is located on Velázquez Moreno street, where the staff attends under previous appointment since the pandemic broke out and at the moment will continue to maintain this public service formula.Make an auction a year and next year is set for the last quarter.

Unique in Galicia and one of the few left in Spain

Mount of Piedad Vigués is the only one in Galicia and one of the few in operation in Spain.It has its origin in 1880 from the former Caixavigo and was promoted by the mayor of Vigo at that time, the Count of TorrecaDeira.It is currently located on Velázquez Moreno Street, before it was at the headquarters of Abanca in García Barbón and in its beginnings in a room in the city prison and in the town hall until 1923.At that time, clothing, skins, jewelry or sewing machines were paid.Today only gold jewelry.The Monte de Piedad brand dates from 1702 and today there is only a dozen in Spain, the result of bank restructuring and the disappearance of many savings boxes.As the extinct Caixavigo who promoted within his social work this institution that is currently maintained in the city by the hand of Abanca.