Monte de Piedad is a type of charitable institution that provides loans to individuals using personal belongings as collateral. Established in various countries, these organizations aim to help people in financial need without charging excessive interest rates. They often accept items like jewelry, electronics, and other valuables. The concept originated in Italy during the 15th century and spread to other parts of Europe and Latin America. Monte de Piedad institutions are typically funded by donations and aim to support low-income individuals, promoting financial stability and reducing reliance on predatory lending practices.