SIS Credit and FMFIB: Revitalising Bulgarian villages through financial instruments

The ESF+ powered Risk-Sharing Micro-Finance Facility invests in social entrepreneurship to address the needs of vulnerable groups. Promoted by FMFIB, Bulgaria's Fund Manager of Financial Instruments, and implemented by SIS Credit and Mikrofond, this financial instrument has supported the creation of over 1 500 jobs in Bulgaria.

Watch this video to hear first-hand from Dimitar Borchev, CEO of BorCHEF, who was able to turn an abandoned bakery into a thriving business, and Yanina Taneva, founder of Ideas Factory, an association driving community-led social change in Bulgaria’s poorest regions.

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Submitting organisations: 

Type of authority: 
Fund of Funds, Private financial institution

Financial instrument name: 
Risk-Sharing Micro-Finance Facility
Funding source: 

Type of financial product: 

Financial size:
EUR 11 903 080.44 programme resources (15% national resources)