Leone Wollemborg

Leone Wollemborg (March 4, 1859 - August 19, 1932) was an Italian economist and politician. He made significant contributions to the spread of cooperative enterprises, specifically rural credit unions and agricultural cooperative banks.

Leone Wollemborg
Born	(1859-03-04)March 4, 1859 Padua, Italy
Died	August 19, 1932(1932-08-19) (aged 73)
Occupation	Economist; politician

Leone was born in Padua on March 4, 1859. At fifteen, he enrolled in the University of Padua and graduated 4 years later in law with a thesis on autonomous tax municipalities. He had memorized all of the poems of Heinrich Heine and was studying the works of Friedrich Wilhelm Raiffeisen. Leone Wollemborg and a group of about 30 farm workers and small landowners founded Italy's first rural credit union in Loreggia in 1883 (several Banca Popolare found before 1883). The intent of the bank was to help tenants, small landowners, and agricultural workers to rise from poverty by granting loans at low interest and with long deadlines. In 1885, he established the monthly publication Rural Cooperation, which was published until 1904.

Bibliography

• Wollemborg Leone, Scritti e discorsi di economia e finanza, Turin, 1935.

See also

• Cooperative bank
• Credit union
• History of credit unions
• Luigi Luzzatti

References

• Augusto Graziani, The Scientific and Practical Work of Leone Wollemborg, Naples, 1935
• Ruggiero Marconato, La figura e l'opera di Leone Wollemborg, Treviso, 1984.
• Henry W. Wolff. People's Banks: A Record of Social and Economic Success. P.S. King & Son, London, 1910.