With Kumtor Gold Company support, EFCA started establishing six new YouthBanks in Issyk-Kul province to address lack of economic opportunities, and social marginalization of young people. Each YouthBank is expected to be composed of a group of 8-10 volunteer aged 14 to 28 who acts as local grant-making committee. YouthBank members reach out to other young people to assess community needs and fund youth-led initiatives for community development. The project will support approximately 120 community-based projects ranging up to $2,500 each across six localities in Issyk-kul province.
We’ve learned not only how to solve our problems, but to also prevent these problems. We learned all this from Youth Bank.
YouthBank member from Arka village, Kyrgyzstan