HSBC Bolsters COAF's Project H.O.P.E. with $100K contribution to support displaced families from Artsakh

20.11.2023 | 10:14 Home / News /
#HSBC #COAF #Artsakh
The Children of Armenia Fund (COAF) announces a significant contribution of $100,000 from HSBC Bank Armenia CJSC (hereinafter HSBC Armenia/Bank) in dedicated support of Project H.O.P.E.

“This critical initiative was launched by COAF in response to the ongoing humanitarian crisis brought about by the mass exodus of Armenians from Artsakh. Project H.O.P.E. stands for Housing, Opportunities in Education, Psychological and Health support, as well as Empowerment through capacity building, and is designed to address the immediate and long-term needs of those affected by forced displacement.

For over a decade, HSBC Armenia has been a steadfast partner of COAF, demonstrating a strong commitment to corporate social responsibility objectives that closely align with COAF’s mission of providing essential educational and professional development opportunities to rural communities. Since 2012, the bank has supported a variety of COAF’s programs, granting rural youth and adults access to professional orientation, scholarships, startup incubation and entrepreneurial training, in addition to offering humanitarian aid during crises,” the bank said in a news release.

“With Project H.O.P.E., we draw upon nearly two decades of experience in Armenia’s rural communities and our extensive efforts in the aftermath of the 2020 war. We are channeling this expertise in education, healthcare, psychosocial services, and economic development to comprehensively and sustainably address the multifaceted needs of those facing displacement,” Liana Ghaltaghchyan, Managing Director at COAF, said.



“It was critical for us to actively engage in addressing the humanitarian crisis and supporting those forcibly displaced from Artsakh. Joining efforts with COAF was a decision driven by the trustworthy relationship formed throughout many years of collaboration, as well as the goals of the project HOPE, which is focused on provision of quality housing, establishment of inclusive learning environments, psychosocial support, and capacity building. Through the Project HOPE, aligned with our commitment to community welfare, we aimed to contribute to the long-term well-being and successful integration of our compatriots in Armenia,” said Irina Seylanyan, CEO of HSBC Armenia.

The educational component of Project H.O.P.E. is equally paramount. COAF is actively involving the children of Artsakh in its educational programs at the COAF SMART Center in Lori. Furthermore, the initiative provides scholarship and career development programs that grant young individuals access to higher education and professional opportunities.

“Project H.O.P.E. is based on a comprehensive approach, focusing intently on key areas of need. COAF is working in close collaboration with the Armenian government to offer both temporary and permanent housing solutions for displaced individuals from Artsakh, ensuring that their housing needs are met.

A critical facet of Project H.O.P.E. is the enhancement of health and well-being within the affected communities. COAF is significantly expanding its team of specialists at its Child & Family Centers in the Lori and Armavir regions to offer psychological, speech therapy, and social work services to displaced individuals from Artsakh. Mobile teams are also poised to deliver this support precisely where it is most needed. In addition, the initiative ensures that children and adults have access to free dental care and primary healthcare services at COAF’s regional health center in Lori’s Dsegh village.

Recognizing the importance of professional development, COAF’s commitment extends to retraining programs aimed at enhancing the capacity of educators who have relocated to the Lori and Armavir regions. These efforts are also essential to creating job opportunities for teachers and instructors in these areas,” the news release runs.
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