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Busia County Trade Development Revolving Fund Act, 2016 (No. 7 of 2016).

País/Territorio
Kenya
Subdivisión territorial
Busia
Tipo de documento
Legislación
Fecha
2016
Fuente
FAO, FAOLEX
Fuente original
Busia County Gazette Supplement No. 19 (Acts No. 7).
Título completo
An Act of the County Assembly of Busia to provide for the establishment of a Revolving Fund for promoting development of small and micro enterprises and to set up an institutional framework for coordinating loan disbursements, and for connected purposes.
Materia
Agricultura y desarrollo rural
Palabra clave
Desarrollo agrícola Institución Fondo especial Medidas financieras agrícolas Subvención/incentivo Crédito Negocios/industria/corporaciones Fortalecimiento de la capacidad
Área geográphica
Africa, Africa Oriental
Resumen

This Act provides for the establishment of a Revolving Fund for purposes of promoting micro and small enterprises in Busia County in order to— (a) enhance economic growth and development in the county; (b) enhance equity and equality in access to trade development services; (c) ensure rural and regional development within the county; (d) improve the standards of living among the residents of Busia; (e) protect interests of marginalized communities; (f) enhance provision and access to basic services such as health, education, transport and communication and water. The Funds shall be a body corporate and shall be managed by a Board. The Board shall, among other things, consider and approve loan applications submitted from each Small and Micro Enterprise owner and facilitate capacity development of each Small and Micro enterprise owner. The Board shall undertake remedial action on all problematic loans to prevent the loss of resources which action shall include rescheduling of loans, exercising right of lien over securities charged or litigation as shall be necessary in accordance to the analysis report of the Secretary of the Board.

Texto completo
Inglés
Página web
www.kenyalaw.org