{"query_echo":{"q":"","filters":{"analysis_type":["impact story"]},"warnings":[{"code":"facet_value_not_in_vocabulary","message":"Value 'impact story' for facet 'analysis_type' is not in the controlled vocabulary."}]},"total":{"value":1,"relation":"eq"},"page":1,"page_size":20,"self":"https://climateinsightsdirectory.org/api/v1/search?analysis_type=impact+story","stability":"beta","ai_marking":{"digital_source_type":{"uri":"http://cv.iptc.org/newscodes/digitalsourcetype/trainedAlgorithmicMedia","name":"Created using Generative AI"},"notice":"Summary and key insights are generated using artificial intelligence."},"results":[{"id":"fsdafri-000160","url":"https://climateinsightsdirectory.org/document/fsdafri-000160","title":"Jasiri Gender Bond","publisher":{"name":"FSD Africa","organization":"fsd-africa"},"document_type":"fact sheet","language":"en","date_published":"2023-03","source_url":"https://fsdafrica.org/wp-content/uploads/2025/05/FSD-Africa-Jasiri-Gender-Bond-Impact-story-28.02.24.pdf","generator":"Climate Insights Directory","generated_fields":["summary","key_insights","climate_tags","geography_discussed","analysis_type"],"summary":{"text":"The Jasiri Gender Bond, launched in February 2022 by NMB Bank with technical support from FSD Africa, mobilised USD 32 million to support women-led enterprises in Tanzania. The bond provided capital to over 200 SMEs and 3,000 MSMEs, offering loans at a competitive 14% interest rate compared to the 19% market average. It was the first Sub-Saharan bond listed on the Luxembourg Green Exchange and saw a 197% oversubscription, with 99% of investors being retail investors. The bond's success was supported by the Capital Markets and Securities Authority's adoption of ICMA guidelines, facilitating the use of global standards for local ESG products.","ai_generated":true,"unit":"fsdafri-000160#summary","date_modified":"2026-10-23"},"key_insights":[{"text":"The Jasiri Gender Bond mobilised USD 32 million and was oversubscribed by 197%. The investor base was predominantly retail (99%), with women making up 52% of investors and foreign investors accounting for 31%.","ai_generated":true,"unit":"fsdafri-000160#insight-1","date_modified":"2026-10-23"},{"text":"The bond provided capital to more than 200 SMEs and 3,000 MSMEs. It targeted enterprises owned by women (at least 50%), those with 30-50% women in the workforce, or those with at least 30% women in key management roles, as well as men-owned businesses producing goods and services that benefit women.","ai_generated":true,"unit":"fsdafri-000160#insight-2","date_modified":"2026-10-23"},{"text":"Funds totaling TZS 74.2 billion were deployed across three quarters, fully allocating proceeds to women-owned or -controlled enterprises in less than a year, which was faster than the planned 18-month timeline. Loans were provided at a 14% interest rate, significantly lower than the 19% market average.","ai_generated":true,"unit":"fsdafri-000160#insight-3","date_modified":"2026-10-23"},{"text":"The bond's implementation was supported by the Capital Markets and Securities Authority (CMSA), which followed International Capital Markets Association (ICMA) guidelines to establish a foundation for local ESG product guidelines.","ai_generated":true,"unit":"fsdafri-000160#insight-4","date_modified":"2026-10-23"},{"text":"To address collateral challenges for women entrepreneurs, the Jasiri Bond collaborates with the African Guarantee Fund to ensure secured loans.","ai_generated":true,"unit":"fsdafri-000160#insight-5","date_modified":"2026-10-23"}],"climate_tags":["sustainable finance"],"geography_discussed":["Luxembourg","Africa"],"frame_perspective":[],"analysis_type":["impact story","fact sheet"]}]}