A penny loafer is a type of slip-on shoe characterized by a low heel and a strap across the instep. The strap typically has a small, diamond-shaped cutout, which was traditionally used to hold a penny, giving the shoe its name. This style of shoe became popular in the mid-20th century and is known for its classic, versatile design, often worn in both casual and semi-formal settings. Our penny loafers are made from a synthetic leather with a rubber outsole.