News about the “Youth” Project

5 months have passed since the start of a pilot project "Youth" aimed at improving living conditions of graduates of orphanages.

According to terms of housing savings contracts entered into between the “Saby” Charitable Foundation, beneficiaries of the project and Zhilstroysberbank of Kazakhstan JSC, our Foundation has transferred the amount of 50% of the estimated cost of 1-room apartment in Almaty to the account of each of the six participants of the project.

Now, our employees monitor regularly monthly contributions from the children, because the ultimate goal of the project is obtaining by each participant of a separate apartment, and the main objective of the Foundation at this stage is strict control over timeliness of their financial contributions.

This indicator will be the main factor of how much money and how soon the Bank will be able to give to young borrowers for the purchase of apartments.

We acknowledge the fact that almost all the guys not only carry out their obligations in time, but the proceeds from them are often even greater than the minimum amounts stipulated by contracts, which confirms their responsibility and seriousness to the requirements of the “Youth” project.