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West Pokot County Co-operative Development Fund Act, 2018 (No. 3 of 2018).

País/Territorio
Kenya
Subdivisión territorial
West Pokot
Tipo de documento
Legislación
Fecha
2018
Fuente
FAO, FAOLEX
Fuente original
Kenya Gazette Supplement No. 8 (West Pokot County Acts No. 3).
Título completo
An Act of the County Assembly of West Pokot to provide for the establishment and administration of the cooperative development Fund; application and processing of loans and for connected purposes.
Materia
Agricultura y desarrollo rural, General
Palabra clave
Desarrollo agrícola Fortalecimiento de la capacidad Crédito Subvención/incentivo Empleo rural Fondo especial Negocios/industria/corporaciones
Área geográphica
Africa, Africa Oriental
Resumen

This Act establishes the West Pokot County Cooperative development Fund as a legal personality and charges the Fund with the following functions: Provide an opportunity to small scale entrepreneurs to gain commercial experience to enable them play their part in industrial and commercial development of the county; provide enterprise development services; enhance the small and medium enterprises' competitiveness as they graduate into bigger vibrant enterprises; and perform any other lawful function for purposes of promoting enterprise and entrepreneurship development in the county. The Act provides for loans granted through the Fund to carry a low interest rate. Among other things, the Act provides that the Executive Committee who administers the Fund should be guided by the principles of ensuring public participation and financial inclusiveness, protecting the interests of the marginalized including persons with disability, women, youths, and locals, and linking donors and participants to the programmes. Importantly, the Fund is set up to provide affordable and competitive credit to successful applicants and to provide enterprise development services.

Texto completo
Inglés