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SPECIAL ISSUE1525

Kenya Gazette Supplement No.19023rdNovember, 2022

(Legislative Supplement No. 91)

LEGAL NOTICE NO.213

THE PUBLIC FINANCE MANAGEMENT ACT

(No. 18of 2012)

IN EXERCISE of the powers conferred by section 24(4) of the 

Public Finance Management Act, 2012, the Cabinet Secretary for the 

National Treasury and Economic Planning makes the following 

Regulations—

THE PUBLIC FINANCE MANAGEMENT (FINANCIAL 

INCLUSION FUND) REGULATIONS, 2022

1.These Regulations may be cited as the Public Finance

Management (Financial Inclusion Fund) Regulations, 2022.

Citation. 

2.In these Regulations, unless the context otherwise requires—Interpretation.

“Act” means the Public Finance Management Act, 2012;No. 18 of 2012.

“Administrator of the Fund” means a person designated as such

under regulation 17(1);

“association”has the meaning assigned to it under section 2 of 

the Micro and Small Enterprises Act, 2012;

No. 55 of 2012.

“Board” means the Advisory Board established under regulation 

10 (1) of these Regulations;

“borrower” means a person in receipt of a financial service or 

productadvanced to that person by the Fund;

“bottom of the pyramid” means asocio-economic groupof 

personswith low disposable income;

“Cabinet Secretary” has the meaning assignedto it under section 

2 of the Act;

“chama” means a registered group of persons pursuing common 

objectivesbypoolingresources together to empower one another

economically;

“cooperative society” has the meaning assigned to it under 

section 2 of the Cooperative Societies Act, 1997;

No 12 of 1997

“credit scoring” means a statistical analysis performed bythe 

Fund oranagent or a financial intermediaryto determine the 

creditworthiness of an applicant to qualify for subsequent and enhanced 

financialservice or product under this Fund;

“eligible person” meansa person with low disposable income or 

a registered micro, small and medium enterprise, a chama, group, table 

banking group,a cooperative society or an association intending to take 

ISO 9001

KUSCCO QUALITY POLICY

We commit to consistently promote SACCOs through advocacy and provision of quality technical and financial products that exceed the members’ expectations.
We shall comply with the statutory requirements and actively pursue continuous improvement of the ISO 9001:2015 Quality Management System (QMS) processes, capabilities and effectiveness

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