- Why Nairobi?
Due to financial and time limitations, I have decided to tailor my manual to one province, the province of Nairobi. According to the 2009 Census conducted by the Central Bureau of Statistics in Kenya, the province of Nairobi has over 3 million inhabitants living within 273 sq miles (684 sq km). It holds almost 8% of the entire Kenyan population. Even though the province is not one of the largest in Kenya, it is important to note that it is the most populous per mile or kilo meter. [1]
Some credit the growth of the province to Nairobi, the capital city. This city alone has over 2 million inhabitants (that's more than half of the total population of Nairobi province). [2] Nairobi is currently the 12th largest city in Africa, and the city is expected to grow as it has over the decades. [3]
Some credit the growth of the province to Nairobi, the capital city. This city alone has over 2 million inhabitants (that's more than half of the total population of Nairobi province). [2] Nairobi is currently the 12th largest city in Africa, and the city is expected to grow as it has over the decades. [3]
- What institutions will be featured?
The manual will document numerous microfinance programs of deposit taking microfinance institutions (DMF), Savings and Credit Co-operative Societies (SACCOs) and commercial banks serving consumers in the province of Nairobi.
- Why these institutions?
Even though this manual is designed to serve the province of Nairobi by featuring the institutions with adequate presence in the region, this manual has the potential to help consumers all over Kenya become familiar with the lending practices of the Kenyan microfinance industry.
Thus, outreach (number of clients currently serving, particularly women), accessibility (number of branches) and product diversification (types of services) were considered. Most of these institutions are active throughout Kenya.
Thus, outreach (number of clients currently serving, particularly women), accessibility (number of branches) and product diversification (types of services) were considered. Most of these institutions are active throughout Kenya.
Furthermore, my manual is meant to be a living document that I hope will motivate Kenyan consumer advocacy organizations to contribute further data about microfinance in the other eight Kenyan provinces. The continuation of this project will prepare consumers to ask questions and critically analyze the massive financial opportunities in their town or city.
No comments:
Post a Comment