Background
Leone was born in Padua on March 4, 1859.
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Leon Wollemborg
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Education
At fifteen, he enrolled in the University of Padua and graduated 4 years later in law with a thesis on autonomous tax municipalities.
Career
He made significant contributions to the spread of cooperative enterprises, specifically rural cr unions and agricultural cooperative banks. 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 cooperative bank in Loreggia in 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.
