Categories ArchivesFAR Economic Programs

[Child Poverty Reduction]: Greenhouse Enables a Rural Family to Thrive image

  For more than seven years, Lusine Mkhitaryan, 40, and her husband Lego, 44, have lived and raised their family in Burastan – one of the villages of the Ararat Region. A low income and no sustainable job had long become a source of anxiety for the couple, especially with their eldest child Julieta, 18, who has vision problems, for which she receives a meager $33 illness benefit from the state – not enough to cover the cost of her medications or doctor visits. Julieta and her four siblings – Laura, 17, Ashkhen, 16, Saro, 14, Samvel, 5, attend the village school. For many years, the family’s modest income was comprised of a state benefit – $86 (42,000 AMD) and ...

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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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