Compagnia di Sviluppo Imprese Sociali (COSIS) set up by the Foundation Cassa di Risparmio di Roma (Fondazione CR Roma) is a financial company that issues loans to social coopera- tives and other non profit bodies. The projects financed are all aimed at combating social and financial exclusion and creating employment opportunities for low income people and/ or disadvantaged people hired by the social cooperatives. The funding has been provided by the Foundation CR Roma and through the issuance of “social” bonds as well as trough access to European funds. COSIS was set up in Italy in 1995 by the.