Bulgaria

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.

Thanks to a microloan backed by SIS Credit under the ESF financial instrument, a group of friends created Infinite Games Ltd, a social enterprise active in the field of human rights education.