“Youth” Project – The First New Home!

We would like to share with you by excellent news – the first participant of “Youth” pilot project celebrated her first housewarming! At the end of March the former foster-daughter of one of Almaty boarding schools became the possessor of a two-room flat in new building.

Such event became possible thanks to the conditions of the project developed by our Foundation, within the frameworks of which, agreements about housing construction savings between graduates of boarding schools, Saby Foundation and “Zhilstroysberbank of Kazakhstan” JSC are concluded. The foundation in the quality of a charitable assistance make the first payment to the Bank in the amount of 50% of the cost of one-room flat, then the graduates of boarding schools make savings individually during 3 years. Depending on the final amount they choose flat and on the lacking amount they make loans in the bank. The size of a loan is not large and is discharged without especial difficulties.

Thanks to the clearly developed system participants of the project study to plan their budget and distribute their expenses in the right way. It is evident that the results are successful. And our “first swallow”, who aspired to make her own nest, has achieved her dream finally. We wish our “first swallow” great happiness and successes in her independent life!