Our donor of the month is Pencho Ivanov Semov (1875–1945), an industrialist and merchant. He was born in a poor family near Gabrovo. He dropped out of middle school to help his father provide for the family.
Semov’s business acumen was key to the progress of the Uspeh (Success) wool textile factory in Gabrovo. Thanks to the capital he invested, Uspeh became one of the largest Bulgarian wool textile manufacturers in the early twentieth century.
Alongside his business engagements, Semov helped many of his fellow citizens in need. He also made numerous donations, ranking him among the city’s most generous benefactors.
Read more about Semov’s life and work HERE.
