Founded in 2009, the GAIN Premix Facility was set up to help provide food fortification in developing countries by facilitating a more cost-effective way of acquiring and financing the purchase of highquality mineral and vitamin premix.116
The GAIN Premix Facility includes: a certification facility, set up with the help of Intertek, to screen and certify premix suppliers against rigorous quality standards; a procurement facility for buyers; and a credit facility offering 90-day interest-free credit to premix buyers, to smooth cash flows. Over the years it has achieved a default rate of only 1percent.117,118.119
Since its launch, the facility has sourced about $75 million of fortificants and premix blends for buyers across 48 countries in Africa and Central and Southern Asia. The core operations of the Facility are funded by its donors, including the Bill and Melinda Gates Foundation and the Government of the Netherlands.120
116 ‘Objectives’. n.d. GAIN - Premix Facility. http://gpf.gainhealth.org/about/objectives.
117 Jenkins, Beth, and Richard Gilbert. 2018. ‘Fueling the Business of Nutrition’: Harvard Kennedy School. https://www.hks.harvard.edu/sites/default/files/centers/mrcbg/programs/cri/files/GAIN_2018.pdf.
118 Stella Nordhagen, Sofia Condes, and Greg S. Garrett. 2019. ‘Blended Finance: A New and Promising Approach to Unleash Private Investments in Nutritious Food Value Chains in Frontier Markets’. Gain Discussion Paper Series. Geneva, Switzerland: Global Alliance for Improved Nutrition (GAIN). https://www.gainhealth.org/sites/default/files/publications/documents/gain-discussion-paper-series-1-blended-finance-october-2019.pdf.
119 ‘Objectives’. n.d. GAIN - Premix Facility. http://gpf.gainhealth.org/about/objectives.
120 Jenkins, Beth, and Richard Gilbert. 2018. ‘Fueling the Business of Nutrition’: Harvard Kennedy School. https://www.hks.harvard.edu/sites/default/files/centers/mrcbg/programs/cri/files/GAIN_2018.pdf.