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KWALE COUNTY YOUTH, WOMEN AND PWD's FUND BILL

PART TWO - ESTABLISHMENT OF THE FUND 

                                                                                         5. (1) There  is  established  a Fund  to  be  known  as  the 

                                                                                                     Kwale    County  Youth,    Women    and  Persons    with 

                                                                                                     Disabilities, Fund. 

                                                                 Sources of the fund

                                                       6. (i)The Fund shall consist of―

(a)  such  monies  as  shall  be  appropriated    by  the  County

Assembly;

(b)  any  grants,    gifts,  donations,    loans  or  other 

endowments  granted to the Fund;

(c) such funds as may vest in or accrue to the Fund in the

course  of  the  County  Fund  Management  committee

exercise  or performance  of its functions  under  this Act;

 (d)  monies  from  any  other  lawful  source  accruing  to  the 

Fund; and

 (e) repayments and penalties.

             Administration cost                          7. (i) An amount―

 

(a)     the administration component of the fund shall not be

more than five percent of the total disbursement.

Objects of the fund                           8.(1) The Fund shall be utilized for―

(a)  providing  access to capital and financing  facilities 

to  micro  and  small  s    owned    by  the  youth,

women  and  persons  with  disabilities  resident  in  the

County;

(b)    attracting      and      facilitating        investment        in  

micro      and      small  s  oriented  commercial 

infrastructure;

(c)    Supporting    youth, womenand  persons    with

disabilities oriented  into micro  and  small  s   to  

develop  linkages  with  large s;

(d)  providing      technical        assistance      in      product  

and   market development;

(e)  facilitating training,  mentorship  and  the  provision  of

business  development    services    to  youth,    women    and

persons    with  disabilities    entrepreneurs    in  the  County;

and

(f)    facilitating technology  acquisition,  adoption  and

utilization for beneficiaries under this Act.

(ii) The amount set aside for disbursement as loans under

sub-section(6) shall be appropriated as per Ward repayments.

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