In Rennes, a public institution makes financial loans for something of value, a valuable support in the face of a purchasing power crisis.
A customer takes her shopping bag from a fruit and vegetable stall on November 20, 2011 at a market in Lille. France’s consumer price index, a measure of inflation, rose 2% in October 2011 from the previous month and advanced 2.3% in one year announced on November 10, 2011 by INSEE. AFP PHOTO PHILIPPE HUGUEN (AFP / PHILIPPE HUGUEN)
David came to pawn his laptop at Crédit Municipal de Rennes. After a quarter of an hour he came out with 1000 euros in his pocket.
A big help for this forty-year-old, in the midst of soaring prices
. “Since the summer, I’ve been in a tough financial situation. I need money because of the lack of professional activity and the debts tied together,” says Rennais, a faded denim jacket and black sneakers.
Municipal Bank of Crédit, also known as “mont-de-piété”, “Nail” or “my aunt”, is a public institution that makes loans with money in exchange for something of value. to take advantage of it,
You only need to provide an identity document and proof of address
, which has the advantage of “simplicity,” David believes. “Today to get a bank loan, it’s an obstacle course. You are asked to justify activity, resources, and you must not have a history of default,” he justifies.
Pledge between 60% and 80% of the estimated value of the thing
The amount lent varies between 60% and 80% of the appraised value of the object. It is up to the depositor to make the payment when he has the means.
The loan is granted for a period of six months, and it can be renewed several times as desired by the client.
Subject to interest payment. Family jewelry, watches, baptism medals, musical instruments, leather goods, fine wines, glassware, paintings … Objects are valued with the help of auction sellers. 93% were recovered.
Consumer price index (annual percentage change) from May 2017 to April 2022 (AFP /)
Pointing to a bag, Julien Roger Provost, director of the agency, announced: “This morning, a Valentino pink leather jacket and a Hermès mouse pad were taken down.”
Sometimes extraordinary things are promised
, like a fishing station bought for 3000 euros. In the past, people pledged furniture, brushes, irons, and dishes from their wedding ceremony. “Today we take only certain kinds of things, unless one really needs a helping hand,” he says. “There is no longer the culture of old or valuable things either, except for jewellery.”
Almost a year ago, the Rennes branch of the Crédit Municipality de Nantes, established in 1813, recorded a 17% increase in deposits. ”
Rising energy, fuel and food prices affect users a lot
. People also come to deal with the unexpected,” continues Julien Roger Provost, who says he is “convinced to do work that helps people.”
‘It’s an alternative solution’
Priscilla, 26, has pledged her engagement ring and wedding ring to her now divorced father. “This month, we had to deal with
Expense 450 euros for the car
, so my mom told us about a pawnshop. “It’s an alternative solution,” she added.
With a single salary of 1,300 euros for a family of four, the young woman admits “a very rough end of the month”. ”
Our electric bill doubled in one year
And even groceries are going up in price, that’s scary. We feel a little shy to ask for money but we have no choice and it allows us to wait more quietly for the next salary,” she says. Same note to Martin, 73, who just got 300 euros by betting on jewels, “that is [sa] Fortune “to quickly pay for outstanding dental implants.
“With a pension of 1,500 euros and rent of 700, I have no cash reserve and I did not want to take out a consumer credit,” explains this former insurance employee, who notes bitterly “the blatant increase in the prices of fruits, vegetables, pasta and coffee”.
Risky contracts, people without jobs or housing, ‘we have all kinds of profiles’
, confirms Julian Roger-Provost, who sees the arrival of new audiences. “When we start seeing business leaders putting their money in to pay for government Covid aid, we tell ourselves that something is wrong and that we have only seen part of the crisis,” Hu notes.