Reference : MM-1-18-148

Name of creator(s) : Michael Moerman

Scope and content : 15 July 1960. Many teachers had insufficient salary, and they tended to borrow money through an informal system. It did not require collateral like a bank loan, and interests charges were 6-10 percent per month dependent upon the loan agreement with the creditor. Alternatively, they ‘played money sharing’ [credits within certain groups - translator].

Extent and medium : Punch card