Microfinance Centre Joins Consortium for Social Innovation in Bulgaria

The Microfinance Centre (MFC) has joined the consortium for the “Empowering Partnerships for Social Innovation in Bulgaria” (EPSI) project, funded by the European Commission.

EPSI aims to develop a thriving social finance market by designing and testing innovative funding models for social enterprises. The project combines financial and non-financial support to help social entrepreneurship grow and create lasting impact in Bulgaria.

The consortium is led by SIS Credit (an MFC member) and the BCause Foundation, with key partners from across Europe, including:

✅ Fund of Funds in Bulgaria – A state-owned entity that channels public funds from European programs and national co-financing.
✅ Banca Etica – A leading ethical finance provider in Europe.
✅ Pulse Group – A top association specializing in investment readiness programs that support impact-driven entrepreneurship.
✅ Impact Business Angels – The first French business angel network exclusively dedicated to social entrepreneurship.

Banca Etica (an MFC member), along with Pulse Group and Impact Business Angel, will act as mentors and knowledge transfer partners. Through study visits (to France and Italy), they will contribute to capacity-building activities, the Investment Readiness Academy.

The Fund Manager of Financial Instruments in Bulgaria will contribute with its extensive expertise in designing financial instruments to the development of investment strategy and to the investment readiness program, as well as in attracting the broader attention of Government structures, investors and other important stakeholders to the need for development of social finance market. 

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