|freedom to grow|
|Valid Nutrition manufactures a range of highly fortified nutritional pastes for the prevention and
treatment of malnutrition. These products are made in the countries and regions in which they are needed,
thereby stimulating the local economy as well as providing life-saving products at affordable prices.
|How we are funded|
|• Valid Nutrition is currently funded by a combination of original loans provided by its founders, Valid International, grants from organisations such as Irish Aid, Gorta and Concern, donations from some major Foundations and from a select number of individuals and entities. In addition, Valid Nutrition have received loan capital from Charity Bank in the UK.
• Since opening our Malawi plant in 2007, production capacity has increased steadily. If we can raise more funding to finance working capital requirements, there is clear demand, Revenue streams are therefore expected to grow in the next three years and we are confident that Valid Nutrition will become totally self-financing in due course, without any need to depend on funding from other sources for its operational activities.
• Thanks to considerable support from the Irish Hunger Board – Gorta with a grant of some €0.3m, the capacity of the factory in Malawi has been increased significantly to almost 2,000 tons per annum. Additionally, with the generous financial support provided by Irish Aid of some €1.27m, under a three year (2008-2011) Research and Development Program, Valid Nutrition are developing and efficacy trialling four new recipes to tackle various forms of malnutrition. These new recipes substitute much of the milk powder that forms the basis of the standard milk-peanut RUTF recipe with cheaper locally grown ingredients.