EU4Business: Supporting social entrepreneurs in rural Moldova

Photo: EU4Business
Photo: EU4Business

The first phase of the ‘BusinessCool’ training programme for social entrepreneurs concluded with a final session on 15-17 February in Riscova, Moldova.

Funded by the Entrepreneurship Academy of the European Fund for Southeast Europe (EFSE), the workshops aimed to provide young entrepreneurs in rural areas of Moldova with business and financial management skills to help them be successful.

72 participants representing various start-ups were selected, based not only on the viability of their business models, but also on their potential to generate positive impacts for their surrounding communities and the environment.

In the first phase of the BusinessCool programme, four interactive sessions covered topics ranging from access to finance and funding, to product design, financial management, marketing, storytelling and product placement.

Funded within the EU4Business initiative, the EFSE focuses on assisting local financial sectors to strengthen their ability to ensure adequate and sustainable financing. The funding the EFSE provides as finance – primarily for micro and small enterprises, but also for private households in the form of home improvement loans – is channelled to these loan customers through local partner lending institutions.

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Press release