Provision of scholarships for Aregak UCO clients
The project goal is to alleviate the burden a child’s education can pose on a low-income family receiving business loans and encourage vulnerable community members to pursue microfinance opportunities. The scholarship award to the students from Aregak Universal Credit Organization client families aims to pay targeted beneficiary student’s tuition fee for at least one semester to give children from low-income families the chance to enroll in higher education institutions.
The project targets Aregak UCO clients who have students at higher educational institutions in Armenia.
Criteria for beneficiary selection includes: Client credit history; Student’s Grade Point Average (GPA) scores; and Client family social status.
During the first phase of the project implementation (January - September 2012), 343 students received tuition fee for one semester. The poroject will continue on an annual basis.