Microloans are small loans offered to people over a shorter period of time, typically without providing any form of security for the lender and often without requiring a credit history from the recipient. They are very similar to credit cards, but are more widely available, especially in markets where a majority of the population is…
Nairobi’s new freight terminus. According to estimates, Kenya has taken about $ 4.7 billion worth of Chinese loans to build the new railway. The magnitude of the loans is also controversial. China holds over one-fifth of Kenya’s external debt, raising concerns about how its economic leverage might affect Kenya’s sovereignty. Beyond the financial cost is a…
This story was originally reported by Kagondu Njagi and edited by Robert Carmichael for the Thomson Reuters Foundation. For the women of Tuluroba village’s self-help group, the goal was simple: use their combined savings to buy cattle, fatten them and sell them to the beef industry for slaughter. But there was a problem. “We had…
