“Youth for Community Development” two-year project yields impressive results

19.09.2023 | 12:36 Home / News /
#HSBC Bank Armenia #Orran
Two hundred young people from Armenian regions got access to job opportunities and entrepreneurship, as a result of collaboration between “HSBC Bank Armenia” CJSC (HSBC Armenia / Bank) and Orran Benevolent NGO.

Conclusion of “Youth for Community Development” program, the two-year project funded by HSBC Group and implemented by Orran Benevolent NGO, was announced during the ceremony attended by Armine Hovhannisyan, the founder of Orran BNGO, Irina Seylanyan, CEO of HSBC Armenia, as well as project beneficiaries and other guests.

“The initiative aimed to increase employability, promote social cohesion and to boost entrepreneurial skills of 16-35 aged young people in Lori, Shirak, Vayots Dzor and Aragatsotn regions of Armenia, as well as youth displaced from Artsakh.

Along with the development of professional skills, beneficiaries of the project also learnt about the features of business management, entrepreneurship and improved their financial literacy. This knowledge was instrumental in preparing their business plans, the top 25 of which were awarded financial support for the realization of their ideas,” the bank said in a news release.

Armine Hovhannisyan, the founder of Orran benevolent non-governmental organization, underscored the program’s significance and emphasized that such initiatives provide the vital skills necessary for future employment opportunities.

“I am happy to note that many of the program’s young participants have already found jobs in their communities, while some of them have successfully established their own businesses. I am very excited, as these results contribute to the realization of the main goal of the program - overcoming poverty in the regions,” Armine Hovhannisyan said.

During the business expo held at the event, the beneficiaries of the program had the chance to showcase their creations to the guests and offer them for sale.

“At HSBC, we have a long-standing commitment to support the communities in which we operate. From the very first days of its operation in Armenia, HSBC Armenia has been implementing projects, which would positively affect the lives of community residents and bring hope to less advantaged groups of people. Our cooperation with Orran BNGO is the reflection of our commitment, which, I believe, will serve as platform for generating employment opportunities in the regions and will have a long-lasting positive impact on the lives of local residents,” Irina Seylanyan, CEO of HSBC Armenia, added.
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