The money will be used in Rehri Goth to eliminate malnutrition among expectant and new mothers and their babies, ensure that children have access to primary health care and immunizations and train a group of local women at Aga Khan University to become midwives.
Women taking part in the program would get two medical checkups to monitor their pregnancy, multivitamins to promote a healthy fetus and food if they are malnourished, she said.
Zaidi has been working in the area for the last ten years on various health-related research projects carried out by the university so she was familiar with its needs.
"I know this community. I know what its problems are," Zaidi said. "It's a really good match between what the community needed and what this prize was offering."
Caplow said Zaidi "really gave reassurance that she would be able to do exactly what she said she would do and it would have the impact that she said it would have."
He added that he and his wife conceived of the prize after they gave birth to triplets who spent a month in an intensive care unit. The prize, which Caplow said would continue next year, was a way to address the disparities in medical technology available around the world.
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Follow Rebecca Santana on Twitter @ruskygal.
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On the Internet: http://childrensprize.org/