AFIN - Social Investment Fund - FEBEA - European Federation of Ethical and Alternative Banks and Financiers

ESF+

Ongoing

Sector of the project:

Financial Instruments

Website:

Funding organization:

European Union

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AFIN - Social Investment Fund

The AFIN – Social Investment Fund project aims to bridge the financial gap for social enterprises in Romania by creating a dedicated investment fund. This initiative will provide tailored financial support, including loans and business development services, helping social enterprises grow and become more sustainable.

Start date:

December 2, 2024

Finish date:

November 30, 2027

Project leader:

ADV Romania

Febea contact:

dario.gomez-cornejo@febea.org

Countries covered:

France, Spain, Romania, Belgium

Why this project and objectives

Social enterprises in Romania struggle to find financial support, making it difficult for them to grow and sustain their impact. Many traditional banks and investors do not fully understand or support these businesses. The project aims to fill this gap by creating a dedicated Social Investment Fund that provides loans and financial assistance, ensuring social enterprises have the resources they need to succeed. This initiative will help expand businesses, create jobs, and promote social innovation in Romania.

This project aims to:

Identify the financial needs of social enterprises in Romania and analyze investment opportunities.
Strengthen the professional and managerial skills of partner organizations to establish a Social Investment Fund.
Create a financial tool that complies with Romanian and EU regulations to support social enterprises.

FEBEA's role

Overall, FEBEA contributes by leveraging its expertise in Ethical Banking, supporting knowledge exchange, promoting the project within European financial networks, and helping to shape the financial strategy for the fund.

More specifically:

Facilitating Knowledge Exchange and Capacity Building
- Organizing study visits, both online and in-person
- Supporting cross-border learning on financial instruments for social enterprises.
Networking and Dissemination
- Promoting the project among its members and sharing best practices in social finance.
- Assisting in the European-level dissemination of project results through its extensive network.
Providing Financial and Strategic Advisory
- Offering expertise on ethical finance models and investment fund structures.
- Advising on the financial setup of the Social Investment Fund.

FEBEA is committed to supporting its members in expanding and promoting the practices of ethical banking, including the development of financial instruments, particularly in regions of Europe where the social and ethical finance sector is less active.

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