Overview

Donor: Media Development Investment Fund (MDIF)
Application procedure: Online Application
Donor base: United States
Reference number: -
Eligible applicants: Non-Profit Organisation, Social Business
Deadline: ongoing

Financial details

Grant size: Medium - up to $1,000,000
Minimum grant size: -
Total available budget: -
Funding type: Equity, Loans, Other
Maximum grant size: -
Funding ratio: up to 100%

Sectors

  • Governance & Democracy
  • Human Rights
  • Media & Journalism
  • Research, Technology & Innovation

Project Locations

  1. Africa

      Botswana, Lesotho, Nigeria, Senegal, Somalia, South Africa, Zimbabwe

  2. America

      Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guatemala, Paraguay, Peru, Venezuela

  3. Asia

      Cambodia, India, Indonesia, Malaysia, Nepal

  4. Europe

      Bosnia and Herzegovina, Bulgaria, Croatia, Hungary, Kosovo, Montenegro, North Macedonia, Poland, Serbia, Slovakia

Description

1) Objective

Media Development Investment Fund (MDIF) was founded in 1995 as Media Development Loan Fund by journalists Sasa Vucinic and Stuart Auerbach. The Fund was driven by the idea to launch a ‘media bank’ to help journalists in countries with a history of media oppression to build sustainable news businesses, strong enough to stay independent of governments, political parties and oligarchs. MDIF invests in independent media around the world providing the news, information and debate that people need to build free, thriving societies. They provide low-cost capital and technical know-how to help journalists in challenging environments build sustainable businesses around professional, responsible, quality journalism. The Fund is not a grant-maker but provides affordable financing – in the form of loans and equity – to independent news businesses in challenging environments. All loans are backed up by technical assistance, depending on the needs of the news outlet, from developing a business plan to strategic advice.

2) Eligibility

To be considered as a qualified beneficiary, a company or an organisation applying for MDIF funding must fulfill the following conditions: (1) must be a locally based and owned company or organisation; (2) the applicant must have reputation for contributing to the provision of unique, credible, independent news, information or debate in the public interest; and (3) the applicant must have a record consistent with the fostering of democratic practices and institutions, political pluralism, transparency, and human rights.

3) Location

Africa, Asia, Latin America, and Southeast Europe

4) Budget

The amount of assistance is decided based on the details of the project and the project budget plan.

5) Application

To apply for regular MDIF financing, first complete an inquiry form. They will then evaluate whether the organisation meets the basic eligibility criteria for becoming an applicant. If it does, they will start the application process and ask the applicant for more details about the business and the project. Applying for MDIF financing is a detailed process that usually takes several months. They  will need to fully understand the business, and applicants need to understand the demands that they will make on them should they be successful, such as completing detailed monthly financial reports. There are no deadlines.

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