CIMA profiles Sasa Vucinic
The Center for International Media Assistance has launched a series of reports profiling people who are making a difference in the field of international media development. Its inaugural issue of Media Visionaries: Conversations With Key Players features MDLF co-founder and managing director Sasa Vucinic.
Under the title Reinventing the Media Investor, the article talks to clients about their experiences of working with MDLF, and Sasa discusses his thoughts on a range of media assistance issues, from helping media to become recognised as a social investment to MDLF's plans for the future.
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Invest in press freedom
It's easy to invest in MDLF's work, providing independent news businesses with the financing they need to hold governments to account, expose corruption and fight for justice for all.
Track record
From 1996 to December 31, 2011, MDLF provided $113.3 million in affordable financing, including:
· $98.9 million in loans and equity investments;
· $13.9 million in technical assistance and other grants;
· Earned over $36.4 million in interest, dividends and capital gains;
· Collected more than $50.8 million in recovered principal invested;
· $0.5 million through Digital Kiosk, the secure payment service for independent media;
It has written off only 1.91% of the total loaned and invested.
MDLF has returned more than $16.8 million to investors. It ended December 2011 with a portfolio of $40.7 million in outstanding loans and investments.
