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

Pays/Territoire
Kenya
Sous-division territoriale
Busia
Type du document
Législation
Date
2016
Source
FAO, FAOLEX
Source d'origine
Busia County Gazette Supplement No. 19 (Acts No. 7).
Titre complet
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.
Sujet
Agriculture et développement rural
Mot clé
Développement agricole Institution Fonds spécial Mesures financières agricoles Subvention/incitation Crédit Commerce/industrie/sociétés Renforcement des capacités
Aire géographique
Afrique, Afrique Orientale
Résumé

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.

Texte intégral
Anglais
Site web
www.kenyalaw.org