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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.

Main Goals

  • Support for the democratic processes of the socioeconomic development in Bulgaria.
  • 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 Mickrofond-Sofia Foundation.
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 microfinance institution.

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 region)

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.

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