“Youth” Project: The foundation has been laid

As we have already reported, in 2011 the “Saby” Foundation launched a pilot project “Youth” the purpose of which was to support single-minded and perspective young people from among the graduates of public social institutions. The main objective of the project was to help orphans, who had been pre-selected and enrolled in the number of participants, to acquire the roof over their heads. This year has become lucky for three girls and three young men - students of Zhastar Ui (House of Youth), Almaty.

In July and August the “Saby” Foundation and Zhilstroysberbank JSC entered into tripartite contracts on housing construction savings will all the guys. After preparation of all necessary documents and opening personal accounts for all six guys our Foundation, as a charity, transferred initial contributions in the amount of 50% of the amount of each contract. Fulfilment of this condition as well as monthly contributions of the project participants will allow them to use the accumulated funds in three years and, after taking out a loan at low interest rates, enter into the walls of their own apartments.