TALES FROM TIMES BEFORE - IWOFA OLOFIN (EPISODE ONE)

STORY SERIES

If a person comes to you for help,

Give it freely.

You may thereby safeguard your life.

 This was a declaration of Ifa, the oracle divinity, the prophetic voice of Olodumare, the Creator.

In the days of our forefathers’ people took loans for much the same reasons as we do today. They took loans to build houses, to bury a father or mother, to marry a wife, or to pay fines. Of course, some had to take loans because of their wastefulness and indulgence. There were no banks then; people went to moneylenders, who even demanded securities against the repayment of such money borrowed.

In those days, a person could be produced as security against repayment of a loan. The person handed over in this way was called an Iwofa. The borrower of the money could become the Iwofa, or he could hand over his son, daughter, brother, sister or any other member of his family as Iwofa. The Iwofa worked for the moneylender throughout the period the loan remained unpaid. The services of the Iwofa then can be considered the interest on the money borrowed.

The Iwofa was not a slave, eru, and he was not treated as an eru, who had no rights whatsoever. An Iwofa could be a male or female, a child or an adult. If the Iwofa was an adult, he could choose to remain in his own house and go to work for the moneylender from there. If a child, he stayed with the moneylender, ate and lived with his children. Women were moneylenders too. Generally, …To be continued on Thursday.

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