A Non-profit Media Investment Fund

Just today I learned about a very interesting organization for community media groups to know about: The Media Development Loan Fund. Since 1996, it's given out $61 million in loans to independent media globally, which enables independent media groups to more than double their income in two years.

They describe one of their investments, a radio station in the remotest regions of Papua New Guinnea where scores of people died of famine a few years ago because they didn't know there were food reserves in the nearest village, but now the stations connects those villages. This doesn't sound like a major national television station, it sounds like a real community-owned media project like VV's, and it's fantastic to learn that a station like this would be getting traditional investment.

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/ December 23, 2022

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