In 2013 Media Development Loan Fund changed its name to Media Development Investment Fund.
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Community development loan funds operate differently.
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Sasa Vucinic, director of the Media Development Loan Fund in Prague, told the World Bank seminar when he announced Soros'initiative.
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Other pioneer microfinance investors include the $ 500 million MacArthur Foundation, which earns market rates lending to the Nicaraguan Community Development Loan Fund.
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Sandy Weil, a San Francisco property manager, has invested in the Northern California Community Development Loan Fund in San Francisco for five years.
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Stuart Auerbach, director of development for the Media Development Loan Fund, an American foundation assisting independent news organizations, described the situation as horrible.
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Community-based investments include money deposited by socially responsible investors in community development banks and credit unions, community development loan funds and micro-enterprise loan funds.
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_Microenterprise development loan funds get money from grants, not investors, and tend to make smaller loans _ $ 500 to $ 10, 000 _ to individual entrepreneurs.
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With colleagues Matthei guided the development of 25 regional loan funds and organized the National Association of Community Development Loan Funds, later known as the National Community Capital Association.
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Kansas City, Kan ., applied for $ 5 million to help trigger the redevelopment of Indian Springs Shopping Center and $ 4 million for a business development loan fund.
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