More than 130 years ago today, in 1775, first Count of Regla Pedro Romero de Terreros founds the "Monte de Piedad" or "National Pawn Shop" in Mexico City.
The store has three objectives:
1) provide personal credit to the poor through the public sector,
2) apply the profits to charitable works such as the poor and orphanages,
and
3) to help artisans and businessmen sell wares at low prices.
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