Social Entrepreneurship

Social business has enormous potential to improve the living conditions of disadvantaged people and positively shape the necessary social change in society.  ERSTE Foundation supports the idea of social business because we also started like that. The Erste österreichische Spar-Casse was founded in 1819 to solve a social problem with entrepreneurial means: also people with low incomes should be able to save money with interest to provide for their own future. Today we team up with partners like Ashoka and started a joint venture together with Erste Group: good.bee. With this initiative for alternative financial services we aim to enable social business primarily in Central and South Eastern Europe.