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. The Act sets out procedures and eligibility criteria for cooperatives to benefit from the Fund and provides with respect to approval of loan agreements.
肯尼亚 · 2014-12-23