Saturday, May 26, 2012

Roman Women and ‘Microcredit’

Some women in ancient Rome already implemented the concept of microcredit as a loan of small amounts of money that enables people without resources to develop work projects on their own. The study conducted by the professor of Roman Law at the Universitat Jaume I Carmen Lázaro shows how women managed to evade the legal rules that excluded them from activities related with the bank and exchange through credit contracts of small amounts of money made by and among women and guaranteed by pledge agreements in which they gave as collateral personal property of small value.