Taipei, Taiwan (Merxwire) - China Development Financial (CDF) and its subsidiaries including CDIB Capital International, have invested a total of NT$85 million towards the "Nutrition 100 Program" over the past 17 years through the China Development Foundation. This year, a total of NT$5 million will be set aside to help fund rural schools in providing snacks such as fruit and milk on a weekly basis.
The fund comes as inflation has pushed up prices of products, services, and ultimately affects the daily lives of many households. The higher costs not only affect the common consumer but has also impacted schools in how they are able to provide healthy meals or snacks for their students.
Angelo Koo, chairman of the CDF's private equity subsidiary CDIB Capital International, who also serves as the chairman of the China Development Foundation, believes that "education is the most valuable investment." Chairman Koo has used the foundation as a platform to promote various scholarships and charity programs such as the Nutrition 100 Program.
A student marveled at the quality fruits given to her as part of the nutrition program, such as cherries, which she had only seen on TV. Some schools have made the most of the donation by sharing about the culture and geography of where fruit come from, such as Chilean apples.
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