Media Development Investment Fund has made four investments in three countries “where access to independent information is under threat.”
The loans from its new $6 million loan fund went to two digital, one broadcast, and one print outlet that MDIF didn’t name for security and confidentiality reasons.
When MDIF launched the new fund in November, it cited Nepal, Malawi and Ukraine as targets for investments (see, “The Women Effect in Independent Media: Tough Entrepreneurs in Tough Environments”). The loans are intended to cover short-term cash and working capital needs, as well as facilities and equipment.
MDIF Media Finance I offers a four percent fixed return for investors. It is partially guaranteed by the Swedish International Development Cooperation Agency.