Nyandarua County Assembly has urged the County Executive to consider increasing the budgetary allocation for the Civil Servants’ Car Loan and Mortgage Fund.
The Assembly says that this will ensure more civil servants benefit from the scheme.
In a report on financial statements for the County Executive and Civil Servants’ car loan and mortgage funds for 2018/2019 financial year presented in the House, Special Funds Account Committee Chairperson Gabriel Gathure noted that more civil servants suffer while repaying commercial bank loans which come with high interest rates compared to the mortgage fund.
The purpose for establishment of the fund was to grant affordable and accessible car loans and mortgage to county officers and civil servants.
“The fund administrator should also consider merging the County Executive Car Loan and Mortgage Fund with the Civil ServantsCar Loan and Mortgage fund into one,” Gathure added.
He noted that the move will ensure more civil servants benefit from the scheme.
Acting Speaker Zachary Njeru and Wanjohi Ward MCA, Isaac Kung’u told the House that the fund has been playing a major role in motivating and empowering the county staff.
They urged the Finance Department to draft a policy that will facilitate implementation of the scheme.