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How the Fund works

Project participants:

  • Project initiator (Customer) – an individual or legal entity that creates an Application based on which the Foundation forms the Project.
  • Kfsr "Turkistan" (Payer) – accumulates and manages financial resources for use in created Projects aimed at improving the condition of the most needy segment of the population of the Turkestan region.
  • Service representative (Performer) – a legal entity that provides Services to the Fund to achieve the goals of the formed Project.

 

How the Fund works

  1. The initiator of the project offers the Fund its project or sends a request to the Fund to perform services for the needs of the population of the region.
  2. The Fund, with the involvement of specialists and third-party experts, carries out a comprehensive examination and evaluation of the project (application) and forms the project.
  3. The initiator of the project and the Foundation determine the conditions for the project implementation and the service Representative whose services are required for the project implementation.
  4. The approved project is approved in accordance with the established procedure by the Fund's Board of Trustees.
  5. A three-way agreement is signed between the project Initiator, the Foundation, and the service Representative.
  6. The Fund pays for the services provided by the Representative for the project at the request of the project Initiator.