AFIN – Social Investment Fund!

2026-07-22

The AFIN - Social Investment Fund project, orchestrated by a consortium of 7 partners (2 affiliated partners) from 4 countries (Romania, Belgium, Spain, and France), aims to assess needs and establish a Social Investment Fund in Romania for social enterprises. This initiative complements the existing AFIN instrument - a non-bank financing institution from a prior funding cycle. The consortium proposes developing a comprehensive package of financing services for social enterprises in Romania based on a one-stop-shop concept. ADV Romania administers European funds dedicated to the social economy, SFA offers consultancy and mentorship for social enterprises, AFIN IFN provides loans up to 20,000 Euros, and AFIN Social Investment Fund will expand the financial service suite, focusing on well-established social enterprises necessitating increased financial support and business expansion assistance. Our project leverages the expertise of MicroEurope, a social investment entity providing growth capital and technical support across Europe; Phitrust SAPO, a pioneering impact fund manager in France with 20 years of impact fund management experience; and FEBEA, our collaborator in developing AFIN IFN and the European Federation of Ethical and Alternative Banks and Financiers. AFIN IFN and RISE - the Romanian social economy network, will provide support and consultancy in product design following market needs. The Social Finance Association will provide market analysis, consulting and mentoring services to social enterprises in Romania that will access the services of the AFIN Social Investment Fund. We intend to execute this project over 30 months, culminating in the market launch of the AFIN - Social Investment Fund comprising consortium members and interested entities.

Romania

2025-10-15