Soft loans are loans that have lenient terms, such as extended grace periods in which only interest or service charges are due, and interest holidays. These easier conditions might be in the form of lower interest rates, prolonged repayment duration. The World Bank and other development institutions provide soft loans to developing countries.Ī soft loan is basically a loan on comparatively lenient terms and conditions as compared to other loans available in the market. Soft loans are usually provided by governments to projects they think are worthwhile. Sometimes soft loans provide other concessions to borrowers, such as long repayment periods or interest holidays. Soft Loans in Nairobi are loan with a below-market rate of interest. The post Population of Nairobi County appeared first on Nairobi Kenya. Almost all people live in the urban areas since all parts of the County are urban areas. 1 million each year.Īccording to the national census that was carried out 2009, the number of people living in the county is approximated to be 3,138,369 making it one of the highly populated counties in the country. This is unlikely to slow down any time soon due to the fact that the population in Kenya increases by an average of about 3% i.e. Nairobi has experienced one of the most rapid growths in urban centers. It is estimated that Nairobi’s population will reach 5 million in 2025. The growth rate of Nairobi is currently 4.1%. Since its foundation in 1899, Nairobi has grown to become the second largest city in the African Great Lakes, despite being one of youngest cities in the region. Nairobi has experienced one of the highest growth rates of any city in Africa. However, recent census results have shown that Kibera is indeed much smaller than originally thought. The Kibera slum in Nairobi (with an estimated population of at least 500,000 to over 1,000,000 people) was thought to be Africa’s second largest slum. Kibera slums being upgraded to New Apartment by the Kenyan Ministry of housing and United Nations Habitat
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