SOFIA DEVELOPMENT ASSOCIATION was founded as non-profit organization with the decision 348
of the Sofia Municipal Council to work for the sustainable development of the capital.

Support to social entrepreneurs in times of crisis

As the situation with COVID-19 unfolds around us, it is clear that in the coming weeks and months there will be a significant impact on social enterprises, many of whom work with the most vulnerable people. Finance4Social Change project partners convened online on April 14, 2020 to discuss how to best respond to the new challenges. 14 partners from 12 countries work together to deliver improved policy learning and develop practical solutions on impact investing to better shape the regulatory framework for the proper functioning of the social financing sector in the Danube region.

The project consortium decided to be flexible in the coming months, while continuing its support for social entrepreneurship. The partnership will continue its support in three main ways:

               1. Bring information, resources and learning opportunities through Massive Open Online Courses (MOOC) that will be launched in mid-May.
               2. Bring access to financial support through a competition for social entrepreneurs that will be launched very soon.
               3. Champion the voices of entrepreneurs and social investors and build on them a Danube region strategy for social investment.

The project Finances4SocialChange is co-funded by European Union funds (ERDF, IPA, ENI). More information about the project is available at


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