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Uasin Gishu County Enterprise Development Fund Act, 2016 (No. 3 of 2016).

Country/Territory
Kenya
Territorial subdivision
Uasin Gishu
Document type
Legislation
Date
2014
Source
FAO, FAOLEX
Original source
Uasin Gishu County Gazette Supplement No. 3 of 29 April 2016.
Long title
An Act of the County Assembly of Uasin Gishu to establish an Enterprise Development Fund for the Co-operative sector in Uasin Gishu County by providing low-interest loans to cooperative institutions that seek to promote the welfare and economic uplifting of the people of Uasin Gishu County and for connected purposes.
Subject
Agricultural & rural development
Keyword
Agricultural development Institution Special fund Financial agricultural measures Subsidy/incentive Credit Equity
Geographical area
Africa, Eastern Africa
Abstract

This Act provides for the establishment of the Cooperative Enterprise Development Fund, defines its objectives, functions and powers and provides with respect to its administration. The Fund shall have among its objectives: The object and the purpose of the Fund shall be - to provide funds to be used for granting low-interest loans to cooperative institutions; to provide funds to support, revive and initiate cooperative sector institutions in areas that can have an immediate impact to household economy; to attract and facilitate investment in cooperative sector institutions that have linkages to micro, small and medium enterprises that benefit the youth; provide financial support to cooperative sector institutions that support strategic and high-return interventions which directly and indirectly have the potential to trigger growth and sector-wide impact; to attract and facilitate investment in cooperative sector institution that have linkages to low income persons, community-based organizations, and women groups; and provide funds to cooperative sector institutions to facilitate marketing of products and services both in the domestic and the international markets. The Fund shall be administered by the Cooperative Enterprise Development Fund Unit. There shall also be a Cooperative Enterprise Development Fund Committee.

Full text
English
Website
www.kenyalaw.org

References - Legislation

Amended by

Uasin Gishu County Enterprise Development Fund(Amendment) Act, 2017 (No. 3 of 2017)

Legislation | Kenya | 2017

Keyword: Agricultural development, Institution, Special fund, Financial agricultural measures, Subsidy/incentive, Credit, Equity

Source: FAO, FAOLEX