SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

County Assembly Of Nakuru Official Website

  • LOGIN
MENUMENU
  • Home
  • About Assembly
    • Nakuru County on the map
  • House Business
    • County Legislation
      • County Acts
      • County Bills
    • Laws of Kenya
    • The Constitution
    • Hansard
    • Standing Orders
    • Business
      • Order Papers
      • Votes and Proceedings
      • Legislative Calendar
      • Bills
      • Bills Tracker
      • Motions
      • Motions Tracker
      • Petitions
      • Petitions Tracker
      • PaperLaid
      • Statement Tracker
      • Messages
      • Committee Reports
      • Hansard
      • Communication from the Chair
      • Upcoming Business
    • Members
    • Committees
      • Mandate and Classification
      • Committees
      • Committees Sitting Schedule
  • Members
    • Clerks Department
    • Speakers Office
    • County Assembly of Nakuru Members Profile
      • County Assembly Member Profiles Pages 1
      • County Assembly Member Profiles Page 2
      • Members of County Assembly Role
    • Committee Services
    • Legislative & Procedural Services
    • Legal Services
    • Sergeant at Arms
    • Hansard Editor
  • Downloads
  • Media Center
    • Upcoming Events
    • Assembly Downloads
    • Official Assembly Blog
    • Prequalifications and Tenders of suppliers
    • Library
    • Links
  • Career
  • New Tenders
  • Gallery
  • Contact us
 February 9, 2023

Assembly passes Cooperative Revolving Development Fund Bill 2019 to scale up lending activities

Assembly passes Cooperative Revolving Development Fund Bill 2019 to scale up lending activities

by RITA DAMARY / Tuesday, 03 December 2019 / Published in Nakuru County Assembly Blog

THE Assembly has passed the Nakuru Cooperative Revolving Development Fund Bill 2019 which seeks to promote welfare and economic empowerment of County residents.

The bill sponsored by nominated MCA Hon. Elizabeth Gichuki seeks to provide funds to be used for granting low-interest loans to cooperative institutions aimed at scaling up their lending activities and promote entrepreneurship.

“The fund seeks to provide funds to support, revive and initiate cooperative societies institution has in areas that can have immediate impact to household economy,” read part of the bill.

Once Governor Lee Kinyanjui accents it into law, the fund will attract and facilitate investment in cooperative society institutions in areas that can have an immediate impact to household economy.

The bill will also provide financial support to cooperative society institutions that support strategic and high return interventions which will directly have linkages to low-income persons, community based organizations and women groups.

“It will provide funds to cooperative societies institutions to facilitate marketing of products and services both in the domestic and international markets,” read part of the bill.

Later the bill was approved after it underwent a committee of a whole House for the amendments.

During the Committee of the Whole House, members were able to change various clauses which is in line with the Standing Orders of the House.

  • Tweet

About RITA DAMARY

What you can read next

President Uhuru Kenyatta Confers Nakuru with City Status
Nakuru’s quest to attain City Status moves closer
ASSEMBLY VOTES TO APPROVE BUDGET REPORT

Recent Posts

  • President Uhuru Kenyatta Confers Nakuru with City Status

    SIDEBAR: {November 6th, 2019: The Assembly adop...
  • 3083

    The Assembly, County Executive and the County A...
  • The Nakuru County Inspectorate compliance and Enforcement Bill, 2019 committed to the Whole House

    Honorable Members have amended the; The Nakuru ...

Recent Comments

  • Steve Gitukia on Assembly goes on Long Recess
  • Dr. Mwangi S. W. on What makes a county assembly?
  • can the information department tell us where is the list of MCAs on What makes a county assembly?

Archives

Categories

  • GET SOCIAL
County Assembly Of Nakuru Official Website

© 2022 County Assembly of Nakuru. All rights reserved.

TOP

WordPress Download Manager - Best Download Management Plugin