Impact investing and development aid together fund a solution to malnutrition in Kenya.
From original article
Soon, low-income families in Kenya will be able to add to their diet a pre-cooked porridge product that is rich in proteins and vitamins and supplies the nine essential amino acids required by the human body.
The porridge will not be delivered under the auspices of an aid agency or a government-funded programme.
Most families will buy it as part of a revenue-based approach to attacking malnutrition.
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Acumen Fund's investment will, over the next six years, allow Insta to establish a local factory to produce and distribute up to 12,600 tonnes of the porridge a year.
It will also help pay for product launches and marketing campaigns.
The porridge will be priced so that it is affordable for low-income families, with 25 US cents buying a 100-gramme packet that provides a nutritional meal for four.
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