Walking Loans

Ramallah -  There are some 13 banks operating in the Palestinian National (quasi-autonomus) Authority. Most of the banks start operating in post-Oslo Accords (1993). However, it is in post-Arafat era (2004-present) that large portion of Palestinians have become “walking loans.“ with little guarantees the banks opened there safe and allowed everybody to get loan (for car, for house, for investment,...and for loan). For example,. most of the brand new cars on the streets are owned by the banks. This would not have been possible under Israeli direct rule when people used cash to buy stuff and kept their money closer to their pillows, or under the tiles. 
Khaldun Bshara – Ramallah Lab