Put Up Parmigiano Cheese As Collateral For Your Business

Chuck Banner | July 1st, 2018

When it comes to Italy, you can always bet that things will be done the Italian way. No need for changes, things will be done how they have always been done. And this is especially true for Southern Italy, where the traditions and culture of the country decide the way of the world. But it is even truer in the region of Emilia-Romagna, in northern Italy where the Po River meets the Apennine Mountains. Here if you have a business idea, then you may be in luck for receiving a small business loan – all you need is a big chunk of cheese.

italoamericano.org

Parmigiano cheese becomes more valuable as it ages, but producers do sometimes sell the less mature wheels to access to some quick cash. But this would mean a loss of income in the long run, something that Credito Emiliano understood. They stepped up and decided to act in the interest of the farmers, offering them small business loans & asking for a guarantee in the form of a wheel of cheese. The bank’s finance was assured due to the cheese wheels gaining value over time. And the economic decision was an extremely good one, the cheese market is always booming in Italy. Meaning a wheel of premium Parmigiano cheese can depending on the age, fetch anything between 900 to 2500 USD.

Credito Emiliano’s initiative has now been running for over 60 years and continues to support small family business in the local area. It even received studies done by the Harvard School of Economics and let’s face it if your economic and business strategy has led to Harvard studying your process then you must be doing something right.

It is more than just economical support though, Credito Emiliano is strongly rooted in the sense of heritage, tradition, and assistance to everything that can proudly stand up and say “Made In Italy.”

Next Article
  • Ancient India’s Visha Kanyas Were True Femme Fatales

    In a modern age of technology where so many people prefer to bang their keyboards as an act of online war, there once was an ancient time where rulers used much more subtle ways to defeat their enemies. In ancient India for example, Kings would have at their disposal a whole army of seductive visha...

    Read More
  • Captain Blackbeard Was Actually A Real Life Terminator

    The infamous Captain Blackbeard that has sparked so many stories, TV series and films over the years is an extremely iconic figure in the world of pirates. Most likely the best-known pirate during the Golden Age of Piracy, which happened from the late 1600s to the mid-1720s. Although his true pirating career only did last...

    Read More
  • The Maori Use Fungus For Tattoos

    As we are sure you have seen the pacific islanders have an intensive cultural and ancestry of face and body tattoos. And this is something that has been an integral part of their culture for generations, of course, you may ask how in the world did they create ink for the use of tattoos. Well,...

    Read More
  • The High Tech Toilet That Sank A Military Submarine

    During World War II, countries across the world were making strides and improvements when it came to military equipment. And nothing was more advanced than submarines. The German Type VIIC submarine, for example, was considered to be one of the most advanced hunters of the seas during its era. And...

    Read More
  • The 2,000 Year Old Fast Food Joints Of Pompeii

    Similar to the modern man and woman, it appears the Romans of Pompei did indeed love fast food. Not every night do you have the time to cook up an exquisite taste of ancient Italian food with wine. Archeologists have found proof in the ruins of Pompeii that many a snack bar or fast food...

    Read More
  • The Trial Of The Autun Rats

    In 1508 in France, a very strange trial took place. In a quiet farming town of Autun, around 300 kilometers south of Paris, there was a constant sound of scurrying little feet. Indeed Autun had a major rats problem, they were everywhere and destroying many of the local crops. It was a major problem, but...

    Read More
  • The Man Who Has Filled Thousands Of Potholes

    Dadarao Bilhore is a man on a mission, a mission to wage war against the enemies of the street: the simple pothole. When his only son died in a road accident that was caused by a pothole, he took matters into his own hands. Bilhore has filled in thousands of potholes and has even launched...

    Read More
  • The Day Fabio Killed A Goose With His Face

    It was a horrific scene that happened due to a terrible accident, everything changed in 1999 when male superstar model Fabio ended up killing a goose with his face. The margarine spokesman Fabio, a household name to so many families from the 1990s killed goose mid-air with nothing but his face. ...

    Read More