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Kisumu County Enterprise Fund Act, 2018 (No. 5 of 2018).

Country/Territory
Kenya
Territorial subdivision
Kisumu
Document type
Legislation
Date
2018
Source
FAO, FAOLEX
Original source
Kenya Gazette Supplement No. 20 (Kisumu County Acts No. 5).
Long title
An Act of the County Assembly of Kisumu to provide for the establishment of the county enterprise fund for the promotion of enterprise development and for related purposes.
Subject
Agricultural & rural development, General
Keyword
Special fund Business/industry/corporations Capacity building Credit Financial agricultural measures Internal trade Social protection Gender Agricultural development Rural employment Youth
Geographical area
Africa, Eastern Africa
Abstract

The purpose of the Act is to provide for a legal framework for establishing a Fund for enterprise development in order to facilitate access to credit for business capital; promote enterprise development among youths, women, and persons with disabilities and needy persons; facilitate the development of conducive and appropriate business; enhance access to employment; enhance enterprise skills development; promote economic growth; ensure equal and fair treatment of micro, small, and medium entrepreneurs in accessing loans; promote industrialization through financing of value addition; and access to finance for promotion of innovative enterprises. The Act also establishes the Kisumu County Enterprise Fund to support small and medium enterprises. It provides extensively for the administration of the Fund further provides that accessibility to the Fund is open to youths, women, persons with disability and micro enterprises intending to start business.

Full text
English