Uulkan Toktorbaeva is a woman of 55 living in the village of Beysheke in Talas region. This woman has been a client of FINCA Bank for a long time, and recently she brought her younger son, her granddaughter and two grandsons to the savings bank office in Kyzyl-Adyr where she has been served all this time, and opened “Kelechek” deposits for them.
Deposits for children are not uncommon in FINCA Bank. However, this case is of interest, as the account was credited with the money the children had managed to save themselves. For this purpose they brought their impromptu money boxes – glass jars for conservation, opened them and counted the money together with the employees of the bank.
The elder children had approximately three thousand soms each. The team of the savings bank office was delighted with the fact that the boys were so goal-oriented and managed to collect such big amounts for their age.
Hardly pass the milestone of 10 years old, they are aware of the worth of finances and treat them with wisdom, without wasting money on toys, entertainments and sweets.
The fact is that Uulkan Toktorbaeva and her family inure her two younger children and five grandchildren to save money. Initially, the kids collected the money into coffee jars, then into one-liter jars, two-liter jars, and finally – three-liter jars inlaid with newspapers inside in order to conceal its contents. At that, the children compete with each other, without knowing what amount was saved by each of them. When the kids receive petty cash from their parents, grandparents, relatives, they immediately put it into their glass money boxes. If they buy some sweets, like all their peers, they share the expenses in equal parts, so that no one should be at loss and no one should be behind in savings.
One of her grandsons has already managed to buy a bicycle, and the savings of the other allowed to buy clothes for him plus it also became a contribution to the family trip to Issyk-Kul where the child indulged himself with ice cream and refreshment drinks.
At that, according to Mrs. Toktorbaeva who we are talking with, when the dealer found out that the boy managed to save the money to by the bicycle himself, it touched him so much that he made a discount. In their turn, the relatives of Uulkan-eje blessed the dealer.
So, once Uulkan Toktorbaeva who has been taking loans from FINCA Bank for eight years and believes in its reliability and sustainable development wondered if there is an opportunity to open deposits for kids. When she learned about the Kelechek banking product which provides an opportunity to place deposited money on the account and to receive interest yield for under age citizens of Kyrgyzstan, the woman decided to bring her son and grandchildren and open their money boxes. According to her, she intends to replenish the deposits using the money of her pension too.
“We hope that these money will multiply for our benefit”, she says.
In conclusion, let’s note that the terms and conditions of the Kelechek deposit provides an opportunity to start saving placing the initial minimal amount of 2, 500 soms to the account. For more detailed information, please see the section “Deposits”.