Michele Carcano was a 15th-century Italian Franciscan preacher born in Lomazzo to a noble Milanese family. After joining his religious order in 1442, he traveled extensively to deliver sermons. He is primarily recognized for his role in establishing the montes pietatis, which were charitable credit institutions designed to provide low-interest or interest-free loans to those in need. His preaching often targeted usury, a practice he frequently associated with the Jewish community during his itinerant ministry.
Life and work
Following his ordination, Carcano became a traveling preacher. In 1461, his sermons in Perugia helped lead to the creation of a mons pietatis through voluntary donations and loans. His discourses against usury were influential, though they also contributed to anti-Semitic sentiments and the persecution of Jews. His theological writings, including arguments supporting religious art, were later published in 1492.
Veneration
Theologians approved his spiritual works in 1939, and he was subsequently designated a Servant of God. He is a blessed in the Catholic Church, with his feast day observed on March 20. His remains are kept in the Church of Saint Francis in Lodi, where his head is preserved in a specific niche.