Categories ArchivesEconomic Development

[BCPP]: “No Candy, Mom, Get Me Some Thread Instead” image

15-year-old twins Nare and Meline are members of a Chinari hobby group operated by FAR’s “Breaking the Cycle of Poverty Program” (BCPP)* in the Tavush region. The twins, along with other members of the Chinari and Aygepar hobby groups, recently displayed their handmade works at exhibitions held in their village. The BCPP hobby groups provide much-needed extracurricular activities in the border region and introduce children to a variety of sports and art forms otherwise unavailable to them.

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[Economic Development]: From War-Torn Aleppo to Yerevan: Sevag Aroyan and Maria Maronian’s Inspiring Success image

Sevag Aroyan and Maria Maronian’s inspiring success is due to a lot of hard work. It was only a year ago when on March 7, 2016, they held their very first class at ETC-English and Exam Training Center that they had just opened in the heart of Yerevan. They started their business with a loan and by using the good reputation they had acquired during their short stay in Armenia.

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[Economic Development]: Boosting Vineyard Cultivation in Armenia’s Border Region image

It all started a year ago when FAR provided funds to a local nursery that specialized in grape cultivation and operated under the cooperative of Varagavan Village in the Berd Region. The support, which was made possible thanks to FAR’s Breaking the Cycle of Poverty Program (BCPP), covered several months of operational costs for the nursery, and helped it to produce locally grown, disease-free grape seedlings which turned out to be half the price of the frequently-used but imported European or Georgian seedlings.

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[BCPP]: BCPP Helps Small Business Owners to Expand image

A new sub project within our Breaking the Cycle of Poverty Program (BCPP), which aims to provide support to smaller business owners, has already helped two local businesses to expand. After opening a call for applications nearly one year ago, FAR program managers had the difficult task of choosing the ideas of two successful candidates out of the 10 applicants who presented their plans on how to enlarge their current businesses. Selection was followed by a training on how to prepare solid business plans, and each candidate was given an interest-free loan and a grant to carry it out.

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[Economic Development]: “One Village” Boosts Economic Development in Zangakatun image

One year of hard work has brought significant results to Zangakatun Village where FAR, along with the Orange Foundation are preparing to officially close the One Village Project: Empowering Zangakatun to Development. The project, which opened August and aimed to develop the village's economic sustainability and infrastructure, improve its healthcare and education, and support its cultural heritage, has impacted more than 1,200 residents of this small village in Ararat Province.

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[GTech]: IT Training Course Provides Opportunity to More than 500 Armenian Youth image

Hundreds of young people had a chance to better their future career paths over the course of the past year thanks to the efforts of some leading companies in Armenia's IT sphere, FAR, and some other charitable organizations. Three hundred forty-five young people from Gyumri and 285 from Vanadzor took part in mobile, web and computer engineering courses completely free of charge and gained practical skills in programming through FAR’s Trainings for Gyumri and Vanadzor Technology Centers Program.

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