International Association of Collateral Loan and Social Credit Institutions
PIGNUS was founded in Milan in 1957 and brings together institutions, banks and foundations
that carry on the tradition of “Mount of Piety”, which originated in Italy in the 15th century
Countries
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Years of activity
institutions
Loan customers
Number of annual auctions
Who is PIGNUS?
Association of Collateral Loan and Social Credit Institutions. It brings together institutions, banks, and foundations whose roots lie in the “Monti di Pietà”, which emerged in Italy in the 15th century. In contrast to the typical Anglo-Saxon model, which is primarily focused on profit maximization, PIGNUS preserves the original Christian vision of credit, which aims to combat usury, help families in need, and promote financial inclusion.
Our members
PIGNUS currently has 22 full members, including two national associations (which together represent 20 organizations), as well as five institutions with observer status. PIGNUS is represented in 21 countries across North and South America, Africa, Asia, and Europe. Our members issue approximately 50 million secured loans each year.
More information about PIGNUS
The Collateral Loan
Pawnbroking is a form of secured financing in which a valuable item is temporarily deposited as collateral for a loan. It is a fast and discreet solution that allows you to access immediate cash without giving up ownership of your asset, with the option to redeem it within an agreed time frame.
Our Auctions
Pignus members organize over 1,000 auctions each year, offering a wide selection of valuable items, all carefully described and appraised by experts. These public auctions are open to everyone and ensure a transparent sales process. Starting from an attractive opening bid, the highest bid wins—creating value for both buyers and pawnbrokers.
Our History
At the end of the Middle Ages, Franciscan monks in Italy promoted the establishment of the “Mons Pietatis,” institutions that provided loans secured by collateral. In doing so, they laid the foundations for modern banking and created one of the earliest forms of social and Catholic credit systems. They made financing accessible to all social classes and, through this system, contributed to both social and economic development.
PIGNUS' Mission Statement and Goals
Collaboration
PIGNUS serves as a point of contact for industry stakeholders
Know-how
PIGNUS shares the expertise and experience of all its members
Innovation
PIGNUS promotes the use
of the latest technologies
International Forum
PIGNUS represents a leading international forum for the pawnbroking industry.
Ethics
PIGNUS is committed to helping families preserve their wealth from generation to generation
Global Contact
PIGNUS act as a liaison between national and international institutions
UNESCO
One goal: recognition by UNESCO as Intangible Cultural Heritage of Humanity.
Some members of PIGNUS are promoting an ambitious initiative: to have UNESCO recognize traditional pawnbroking—an activity that characterizes our association’s members—as Intangible Cultural Heritage of Humanity.
Benefits of PIGNUS Membership
Given the unique nature of our business, there are very few specialized consultants or experts in the market. This is why PIGNUS is practically the only reference point for traditional pawn loans worldwide.
An Overview of Our Business Model
PIGNUS continuously engages with national and international institutions
Know-how
PIGNUS brings together all the expertise related to traditional pawnbroking
Visibility
PIGNUS provides its members with greater international visibility
Exchange of views
In addition to sharing knowledge, new ideas and trends are also discussed
Network
PIGNUS offers its members access to an extensive network of international contacts