Low-income families in Kyrgyzstan helped to set up small businesses
More than 4,000 families in Kyrgyzstan have applied to take part in the Social Contract programme
13.05.2024
Article published on the 24.kg website
More than 4,000 families have applied to take part in the Social Contract programme. This was announced by Jyldyz Polotova, Deputy Minister for Labour, Social Development and Migration at a recent meeting of the Jogorku Kenesh Committee on Social Policy.
“Over 8,000 families have received training in business planning and financial literacy, with 4,257 applying for 100,000 soms”, said the Deputy Minister.
According to Polotova, 37% of Social Contract participants earn between 10,000 and 20,000 soms per month, with around 5% taking home more than 40,000.
Information note
The social contract is an agreement between a poor or low-income family and the area sub-division of the Ministry for Labour, Social Development and Migration. A family can receive 100,000 soms to start and build up a small business but its right to claim the antipoverty assistance programme (uy-bulogo komok) allowance is limited to three years.
