Kisii County Trade Credit Scheme Act, 2015 (No. 5 of 2015).

This Act establishes the County Trade Credit Scheme, which shall be a body corporate. The object and purpose of the Credit Scheme shall be to- (a) provide funds for granting low-interest loans to start ups, micro, small and medium enterprises' producer business groups and agribusiness (b) promote small scale enterprises through the provision of affordable credit; (c) introduce small scale traders and entrepreneurs into borrowing for the sustainability of their businesses; (d) reduce rural-urban migration; (e) create employment, stimulate income generation and earnings for residents of the county and reduce poverty (f) enable small scale traders and entrepreneurs to gain experience in loan management and graduate to funding from established financial institutions; (g) support, revive and initiate small scale industries and enterprises in areas that can have immediate impact to household income, through the provision of low-interest loans; (h) attract and facilitate investment in micro, small and medium enterprises that benefit the youth, women and persons with disabilities. The Scheme shall be managed by a Board.
The Act sets out criteria and procedures for the granting of a loan.