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- EIN 13-4052259
- (212) 807-1304
- 37 W 20th St Ste 804 New York NY 10011-3716 USA
- www.mdif.org
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Nonprofit Overview
Causes: Censorship, Freedom of Speech & Press, Civil Rights, Economic Development, International, International Economic Development, Microfinance, Philanthropy, Private Grantmaking Foundations
Mission: Media development investment fund (mdif) invests in independent media around the world providing the news, information and debate that people need to build free, thriving societies. Why we are here timely, accurate, relevant information is critical to free societies. It enables fuller participation in public life, holds the powerful to account and protects the rights of the individual. How we choose clients and areas of operations mdif invests in independent media companies in a range of countries where access to free and independent media is under threat. Clients are selected based on three broad criteria: mission impact in relation to investment; potential for long-term viability; editorial integrity. How we work mdif financial investments include affordable loans, equity investments, loan guarantees and technical assistance grants. Mdif mobilizes other investors to maximize the impact of its financing. Mdif seeks to establish long-term relationships with its clients, which may invol
Programs: Mdif provides loan financing by way of "program related investments" (pris), that allow non-profits to make investments in firms whose work will further their charitable mission. Mdif maintains a segregated pool of funds from which it makes loans and other pris. Loan repayments are recycled through the pool and loaned out repeatedly. With every pri, mdif provides customized training and technical assistance to its beneficiaries, from the first stage of developing a business plan through to the final discharge of the loan. In addition, mdif trains its borrowers and other media organizations in the use and transfer of internet-based technology and its impact on the future development of media business. In determining whether to make a loan or other program-related investment, the fund faces both political and legal risk. The fund makes loans and other program-related investments in countries where political stability may be of concern. This type of risk is assessed before the fund starts operations in a certain country. The legal risk may arise as a result of making loans and other program-related investments in countries with differing legal systems than those of the united states of america. Those systems are sometimes characterized by uncertainty and lack of independent legal institutions, including judiciary. The fund's model loan contract was drafted by u. S. Attorneys and the fund has all loans reviewed by attorneys in the country of each borrower.