Risk-sharing Micro-Finance facility

The Risk-Sharing Micro-Finance Facility is an instrument funded through Operational Programme Human Resource Development 2014-2020 (OPHRD), co-financed by the European Structural and Investment Funds.

The first round of financing made available under the instrument amounts to BGN 3.4 million. The financial instrument provides support to entities which, other things being equal, would not have had access to financing. The loans are targeted at start-ups and social enterprises, as well as those set up by people who have been unemployed for more than 6 months, people with disabilities and young people aged 29 or less. The size of loans to be extended ranges between BGN 5 000 and BGN 48 895, and the loan repayment term is up to 10 years, with a possible 2-year grace period.

Activities eligible for financing should fall within the following parameters: Acquisition of tangible and non-tangible long-term and short-term assets for business development or expansion of the enterprise or the self-employed person or to cover other costs linked to the main business operations;  working capital for business development or expansion; special and vocational training of workers or the entrepreneur/the self-employed person.

Current stage of the instrument: Financing is now available to final recipients.

Interested parties can refer their queries concerning loan terms and conditions to the experts of the two  micro lending institutions:

SiS Credit AD

140, G. S. Rakovski Str., 4th floor, Sofia 1000, Bulgaria

+359 (0)2  980 16 19



Microfund AD

30, Ekzarh Yossif Str., Sofia 1000, Bulgaria

+359 (0)2 8137 800


The second round of financing from the Risk-Sharing Micro-Finance Facility amounts to BGN 26.4 million divided into nine lots, with financial resources ranging from BGN 1 million to BGN 6 million. Financing will be disbursed in the form of micro loans and is designed to support the establishment and development of start-ups. In addition to the resources provided by the Fund of Funds, the financial intermediaries will provide co-financing in each loan, in an amount of at least 10 %. The funds from the financial instrument will also be used to provide support to enterprises owned by persons from certain vulnerable groups (unemployed for over 6 months, young people aged 29 or less, and people with disabilities).

Current status of the instrument: On 27th June 2019 the Fund of Funds (FoF) signed operational agreements with First Investment Bank (FIB), Mikrofond and SIS Credit. After completing the administrative checks the resources will be available for use by final recipients.