Amount gathered till now
everything starts from one dram
Power of one dram
"The Power of One Dram" was launched on June 8, 2020.
"The Power of One Dram" is a Corporate Social Responsibility program of IDBank and Idram, within the framework of which the two companies are using Idram&IDBank platform, IDBanking.am, Idram.am online platforms, for each payment made through the terminals of the two companies, they transfer 1 AMD from their account to the initiative, the main directions of which are education, healthcare, environment.
During the two years of its existence, the "Power of One Dram" initiative has already transferred about 80 million AMD to foundations that are important for our country
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The beneficiary of "The Power of One Dram" is the Health Fund for Children of Armenia. The fund organizes the treatment of children with life-threatening diseases.
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The beneficiary of “The Power of One Dram” for November was the "Aren Mehrabyan" charitable foundation. At the end of the program, AMD 4.653.223 was donated to the fund.
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The beneficiary of "The Power of One Dram" initiative in October is the Homeland Defender's Rehabilitation Center. The amount of "one drams" gathered during October is AMD 4.827.643 and will be transferred to the rehabilitation center.
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The beneficiary of September is the “4090” Charitable Foundation․ The purpose of the fund is to provide scholarships, implement educational programs, improve skills and conduct trainings for the defenders of the Motherland. 4.631.690 AMD will be donated to the beneficiary of September the “4090” Foundation.
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The beneficiary of August is the psychological center "Rehabilitation City of Heroes". As part of the “Power of One Dram” initiative, the entire amount accumulated in August - AMD 4.676.836, was transferred to the psychological center.
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The July beneficiary of the "The Power of One Dram" initiative was the “QaylTech” company, which created an exclusive Armenian innovative product - the MetaGait device. MetaGait helps disabled soldiers and children with cerebral palsy regain mobility by preventing more than 30 diseases caused by immobility. At the end of the program, AMD 4.248.945 was transferred to "QaylTech" company.
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The total amount of funds accumulated during May and June in the framework of the "Power of One Dram" initiative will be transferred to the "Children of Armenia" charity foundation, providing education opportunities for children from different communities of Lori region․
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After a long break, our March and April beneficiary is environmental sector. All the "one drams" collected during the two months of spring was donated to the environmental organization My Forest Armenia to support the reforestation program in Armenia. IDBank and Idram transferred 10.757.867 AMD to the fund, participated in the establishment of a forest in Jrashen community of Lori region.
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In January-February of 2022, the entire amount of "one drams" amounting at 9,808,684 AMD was transferred to the "City of Smiles" charity foundation. Thus, the bank contributed to the purchase of expensive medicines and treatment of children with cancer.
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During the months of November and December 2021 a total amount of 9․328․753 AMD accumulated within the framework of the "Power of One Dram" initiative was transferred to the "Teach for Armenia" foundation. Thus, the bank became a “NationBuilder”. Within the framework of the program, students from remote communities will have the opportunity to receive a proper education, to discover the opportunities and potential of their community.
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The next initiative of the "Power of One Dram" was healthcare. The total amount of "One drams" 8.057.944 AMD accumulated in the months of September- October 2021, was transferred to the Health Fund for Children of Armenia for treatment of children with life-threatening diseases abroad.
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The sum of "one drams" in August 2021, 3,701,910 AMD, was transferred to "Vahe Meliksetyan" foundation. Vahe, dreamed of providing our country with skilled clinical pharmacists and worked lot to achieve his dream. Thanks to the donations of the "Power of One Dram" initiative, scholarships were provided to the students of the Faculty of Pharmacy.
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In June, on the occasion of one-year anniversary of the "Power of One Dram" initiative, the Bank and Idram participated in the initiative of "Arevagorg”, jointly implemented by the "Insurance Foundation for Servicemen" and "Megeryan Carpet" company. IDBank and Idram added 1000 nodes on "1000+" Foundation’s and "Megeryan carpet Armenia’s” "Arevagorg", donating 1mln dram. At the end of July, a total of 6.925.000 AMD was transferred to "1000+" fund.
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The "power of one dram" continued to grow, and our customers were making more and more payments through the Idram&IDBank application, which meant more "one drams" to our beneficiaries. The entire amount of 8.648.000 AMD "one drams" collected during the months of March, April and May 2021, was transferred to the "VIVA Doctors and Volunteers for Armenia" Charity Foundation, which we cooperated with for hospitals equipment during the war. After the war, the foundation organized the treatment of those servicemen whose treatment was not effective in Armenia.
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The total amount of 6․962․504 AMD of "one drams", accumulated between 01.12.20 - 28.02.21 was transferred to the "Homeland Defender’s Rehabilitation Center", which was conditioned by the desire to be near the servicemen who did not spare their health for our country, in order to support their rehabilitation programs.
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The war was going on, the number of wounded and victims was increasing, and there was a vital need to stand by the "Insurance Foundation for Servicemen" fund. The total amount of "one dram" for October and November, which comprised 3,603,291 AMD, was transferred to 1000+ fund. Also, IDBank and the entire staff came up with another initiative - "Together for the Army"․ Each employee doubled, tripled, quintupled, or quadrupled the monthly transfer fee to 1000+ fund.
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The next program of the initiative was environmental ․ It was planned to plant trees in the area of the burned forest at the territory of Tsitsernakaberd Memorial together with the Armenia tree project in September. However, the war started, and, based on an agreement among the partners, we allocated 2,017,218 AMD to the “Hayastan” All Armenian Fund, to which outside of this initiative, IDBank and Idram allocated 100․000․000 AMD. Besides, the Idram&IDBank application provided an opportunity to donate to the “Hayastan” All Armenian Fund and the "Insurance Foundation for Servicemen" with a single touch.
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The initiative started in the period of Covid, when many children were left out of the educational process due to lack of appropriate equipment at home. Considering the fact that it is necessary to ensure the continuity of education, especially for the children of high mountainous and border villages, within the framework of the first program of "The power of one dram", IDBank and Idram donated 50 computers to children who could not attend school due to health problems. The amount for June, July and August 2020 was 5,538,727 AMD.
