When Kim Kardashian, an influential American media personality of Armenian origin, called people to support Armenian businesses amid the COVID-19 while herself contributing to a donate Armenia project, hopes were high for a positive change in the country.
And today, Armenians are still optimistic.
In addition to Kim’s initiatives, Armenian entrepreneurs also benefit from the European Union’s, EBRD’s projects, and local crowdfunding platforms. Wondering how you can help Armenian businesses grow? Read now to discover everything you need to get started!
The role of the European Union
We all know that the European Union is a key business partner of Armenia. But did you know that the EU also supports various Armenian businesses? Armenian businesspeople take advantage of many EU-sponsored projects, from loans with lower interest rates to longer loan repayment periods.
Gor Vardanyan, a co-founder of Chessify, a chess learning application, received generous financial support from the EU that helped him bring his vision to life. As of today, the app has been downloaded over 500,000 times on the Android operating system.
Alvard Davoyan, a farmer from the village Vardablur, is another beneficiary of EU fundings. She was awarded a grant by the European Union’s Green Agriculture initiative in Armenia. The assistance allowed her to boost the volume of the farmland’s produce, meeting the demand of various regions in Armenia when countries introduced export restrictions because of the pandemic.
How can you support Armenian crowdfunding?
Needless to say, it is excellent that economic institutions contribute to developing Armenian businesses. However, to achieve optimal results, the attention of the masses is of huge importance.
Armenian fundraising platforms such as HaySatar aim at making donate Armenia projects accessible to everyone. In addition, HaySatar serves as the medium for creative people in Armenia to access the financial resources necessary to gain recognition for their art or craft and make a living. And, excitingly, many Armenian creative professionals take advantage of the platform’s advantages.
Talin Women’s Resource Center Development Foundation (TWRCF), founded in 2012, aims to empower women and the local population in Talin, Armenia, to gain economic security and independence while flourishing as individuals. The organization plans to recruit and provide training to women and young people in Armenia who show interest in creating handicrafts through fundraising. Besides, women will crochet and sew, and young people will work their wood cutting and engraving laser machine.
So the organization started off the Talin Dolls project to realize its vision. However, your contribution is key to achieving their goals.
Lusine Araqelyan, an Armenian entrepreneur, has started a fundraiser on the same platform for LucyArt Fashion Clothing. Her goal is to expand her business and fashion production. However, because of the lack of sewing equipment, she cannot effectively cooperate with big names in the fashion industry. So she asks the public to support her in purchasing a piece of equipment for at
The bottom line
Wouldn’t it be amazing to see the Armenian economy up and running? Various creative professionals look for generous support on HaySatar. So if donating to the Armenian economy is something you’re interested in, don’t hesitate to give. After all, supporting Armenian crowdfunding, you help the local economy prosper.
