Invest in Media Development

There are several ways to invest in our work, depending on the financial returns you seek, the term of your investment and where you are in the world.

responsAbility Press Freedom Voncerts

The responsAbility Press Freedom Voncert is a Swiss-registered social investment product that enables investors to receive a financial and social return by investing in MDIF’s work.

First issued on World Press Freedom Day, 3 May 2006, the product is now in its third issuance and has mobilised more than $12.5 million for independent news media in countries with a history of media oppression. The Voncert was created in partnership with independent asset manager and leading social investment advisors responsAbility and Swiss private Bank Vontobel.

The third issuance was launched on 31 October 2012 and raised CHF5 million (about USD5.35 million) for MDIF’s work. In an innovative product structure, two leading philanthropic foundations, Open Society Foundations and Stichting Democratie en Media, guaranteed part of the issuance, thus leveraging philanthropic capital to mobilise private investment for a social cause.

Each quarter, responsAbility publishes an investment report on the performance of the Voncert. Read the latest report here.

With the first issuance fully paid up and the second issuance completely subscribed in a matter of days (though there is a secondary market), the Voncert has a proven track record of providing solid financial and social returns to investors. It pays 1% interest, with the capital being used to provide affordable financing to news outlets in countries with a history of media oppression.

Voncerts are not available to investors from the US, UK, European Marketing Area and DIFC Dubai (UAE).

Contact us for more information about investing in Voncerts.

Free Press Investment Notes

Free Press Investment Notes® (FPIN) let social investors in the US invest in independent news businesses in emerging democracies through MDIF.

Investors choose their interest rate (up to 3%) and the term of investment (from 1 to 10 years) – the lower the interest rate and the longer the term, the more it helps MDIF provide the support that news outlets need to make the most of their loans. There is no limit on the amount that can be invested, while investments start at as little as $1,000.

Although FPIN are not federally insured, they benefit from credit enhancements including portfolio diversification, rigorous due diligence, portfolio monitoring and MDIF’s 20 years of experience. MDIF backs its entire portfolio with a generous loan loss provision and net assets of more than $17 million.

FPIN are available in many US states. To confirm availability in your state, or to find out more about investing, call us at (212) 807 1304 or send us an email.

® — Registered in the U.S. Patent and Trademark Office

MDIF Media Finance I or direct loan to MDIF

MDIF Media Finance I is a blended-value loan fund for independent news media companies in select emerging and frontier markets. In a ground-breaking partnership MDIF and the Swedish International Development Cooperation Agency (Sida) provide investors with 55% first-loss protection.

Alternatively, if you would like to make a direct loan to MDIF rather than invest in a standard product, we would be happy to discuss personal terms with you.

To find out more, send us an email or telephone us direct on +1 (212) 807 1304.

KBR68H, Indonesia


Opening Indonesia to the world

After the fall of the Suharto regime in 1998, Santoso and a small group of journalist colleagues were looking for a way to end the state’s 30-year grip on news.

Read more

MDIF offers the best [media support] model – that is to say, the most cost-effective at joining civil society and free press goals with a workable financial strategy.

Professor Craig L. LaMay, Medill School of Journalism, Northwestern University, USA