NetGuarantee designs innovative finance mechanisms to accelerate delivery of life-saving health commodities to at-risk populations around the globe.
Thanks to increased political and public support and the development of cost-effective, simple tools like mosquito nets, antiretroviral drugs, and rapid diagnostic tests, the global community is making progress toward eliminating needless deaths caused by some of the world’s deadliest diseases. There are, of course, significant challenges to achieving this goal — including the timely delivery of health commodities to the countries that need them most.
That's where NetGuarantee LLC, a subsidiary of Malaria No More Fund, comes in: by partnering with private sector financial institutions, NetGuarantee provides countries with earlier access to commodities using one of two mechanisms.
NetGuarantee offers payment guarantees to health commodity manufacturers before countries actually receive grant funding from international donors. Under the NetGuarantee program, manufacturers can begin production earlier without any risk of not being paid if the grant is reduced, delayed, or cancelled. This way, when the donor finally disburses funds to countries, the commodities are already produced and ready to go, months earlier than would otherwise be possible.
Advanced Funding Mechanism
NetGuarantee and its financial partners provide advanced funding to countries that are expecting large grants from international donors but that need some money up front to get things moving. While the grant disbursement process is being finalized, countries can get a head start on obtaining, shipping, and delivering crucial health commodities to at-risk populations.
Timelines Vary By Country
Services and in partnership with Malaria Consortium and the Mozambique Ministry of Health. 250,000 long-lasting insecticidal mosquito bed nets were produced before grant disbursement and were distributed in the most malaria-endemic region of Mozambique in December of 2011, just in time for the peak transmission season and several months earlier that would have otherwise been possible. Earlier distribution of mosquito nets means that more lives are saved, more cases of disease are averted, and health care expenditures are reduced.
The launch of the NetGuarantee program was made possible by a broad range of implementing partners, including the Global Fund to fight AIDS, Tuberculosis and Malaria, the International Procurement Agency (IPA), Malaria Consortium, Brad Herbert Associates, the Mozambique Ministry of Health, and Montrose Africa, along with collateral-backing from Goldman Sachs Gives and the Betsy and Jesse Fink Foundation and support from the Bill & Melinda Gates Foundation and ExxonMobil.
Read the latest Press Release about NetGuarantee's inaugural transaction for Mozambique here.
Malaria No More
Startup America Partnership
Senior VP, Innovation & Investment