Active Development AidData Chinese Aid

China provides 50 million RMB interest-free loan to Kenya for resettlement of refugees (Linked to Record ID#19014)

¥50M RMB

Funder	China Ministry of Commerce
Recipient Organization	Government of Kenya
Country	Kenya
Start Date	May 15, 2008
End Date	Oct 11, 2026
Duration	6,723 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`1133`

Grant Description

China provides 50 million RMB interest-free loan to Kenya for resettlement of refugees On May 15, 2008, the Chinese Government offered Kenya an interest-free loan of 50 million yuan to help resettle hundreds of thousands of villagers uprooted by political turmoil following Kenyan elections. The project is linked to a 200 million shillings grant of the same nature (Record ID#19014).

📋 Staff Comments

Status is coded as Pipeline: Pledge as the loan is excluded from the Government of Kenya's debt register. Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20-years by default and grace period to 10-years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20-years, with a drawdown period of 5-years, grace period of 5-years, and repayment over 10-years. AidData treats the drawdown period as providing 5-years of additional grace.

📚 Sources & References

http://www.tianjinwe.com/hotnews/txjj/200805/t20080516_22729.html
Kenyan coalition cabinet meets for first time
Kenya: China donates Shs200 million to resettle IDPs Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.