Idram and IDBank summed up the results of the next program of The Power of One Dram initiative.

The companies report that 3.480.466 AMD was donated to the Children of Armenia Charitable Foundation for payments made through their platforms during July.

The companies also announced the name of next month’s beneficiary. During August, 1 AMD will be transferred to SOS Children’s Villages Armenian charitable foundation for each client’s payment through the Idram&IDBank application, IDBanking.am platform and Idram.am website.

“The SOS Children’s Villages Foundation is a child-oriented organization whose mission is to help children in difficult life situations. The foundation operates in two areas: alternative care services, as well as family strengthening services for families with minor children in a difficult social situation. The programs implemented by the foundation are aimed at improving the child protection system in Armenia, ensuring the right of the child to live in a family,” the news release reads.

Spartak Sargsyan, National Director of SOS Children’s Villages Armenian Charitable Foundation, notes that their cooperation with Idram and IDBank is extremely important for the foundation’s mission. “Together we support children, youth and their families who are in a difficult life situation, contributing to the development of communities,” says Spartak Sargsyan.

According to Tatevik Vardevanyan, Head of Communications unit at IDBank, companies appreciate the support to the charitable foundation, as it is one of the key areas of corporate social responsibility.

“You can also become a goodwill ambassador by simply making all your payments through Idram&IDBank app, IDBanking.am and Idram.am website without spending any extra AMD,” the news release says.

Companies are controlled by the CBA.