who are we:
Microfond Sofia Foundation (MSF) is a non-profit legal
entity working in public benefit for the purposes of development and
affirmation of civil society in Bulgaria.
- Support for the democratic processes of the socioeconomic development in
- Encouragement of civic involvement in the accession process of Bulgaria
to EU and improvement of regional security in South-Eastern Europe;
adaptation and dissemination of democratic mechanisms and practices from
countries with developed democracy.
- Encouragement of dialogue and cooperation between non-profit legal
entities and state, municipal and business organizations for resolving of
socially significant problems.
Background and History
The Microcredit Program within the Resource Center Foundation was
launched in 1999. The United Bulgarian Bank (UBB) was the strategic partner
of the Program that provided the resource for disbursement of loans,
guaranteed by Soros Economic Development Fund – New York. The Program targets
Bulgarian regions with high unemployment levels, low economic growth and
several distinct ethnic communities.
At the beginning of 2002 the Microcredit program was transformed into
The last step in the development of the program was the establishment of
Mikrofond EAD – a joint-stock company – 100% owned by Mikrofond Sofia
Foundation - to reflect the new strategic objective to create a sustainable
First ISO 9001:2000 management system introduced in microfinance company
Number of branches - 12 (Rousse, Silistra, Vratza, Sliven,
Smolyan, Kardjali, Blagoevgrad, Bourgas, Razgrad, V. Tarnovo, Plovdiv, Sofia
Microfond Sofia Foundation is licensed No 20031242/25.02.2004 under
National Agency for Vocational Education. The Professional Training
Center of Microfond Sofia Foundation has been supported for conducting more
than 30 training courses in several professions in Sofia, Sofia region,
Sliven and Bourgas for the Labour Bureau.