CAR LOAN AND MORTGAGE
The Car Loan Management Committee is established under regulation 6 (1) of the Public Finance Management (County Assembly of Tana River Car Loan (Members) Scheme Fund) Regulation, 2014. The Members Mortgage Loans Management Committee is established under regulation 6 (1) of the Public Finance Management (County Assembly of Tana River Mortgage (Members) Scheme Fund) Regulation, 2014.
MEMBERS
1. Hon. Mahmoud Gabow -Chairperson
2. Hon. Abdi Ergamso
3. Hon. Sauda Loda
4. Musa Wario
5. Hon. Salima Hawachu
6. Hon. Mohamed Buya 13
7. Hon. Fatuma Abadada
MANDATE
The mandate of the Car Loan and Mortgage Management Committee is established under regulation 6 (4) of the Public Finance (County Assembly of Tana River Mortgage (Members) Scheme Fund) Regulation, 2014 that; The Committee shall administer the fund and shall
a) Process applications for loans in accordance with the existing terms and conditions of borrowing;
b) Liaise with the mortgage company (if any) to set up a revolving fund for the disbursement of the loans; and
c) Supervise the day to day running of the fund.