FSD Africa Impact Ground-breaking Jasiri Gender Bond in Tanzania

The Jasiri Gender Bond, launched in February 2022, mobilised USD 32 million to support women-led businesses in Tanzania, particularly in agriculture, retail, education, and male-dominated sectors like mining and energy. The bond was oversubscribed by 197% and became the first Sub-Saharan bond listed on the Luxembourg Green Exchange. A case study of High Quality Tanzania demonstrates how Jasiri loans enabled a feminine hygiene product importer to increase turnover to over TZS 10 Billion ($3.9 million) and expand operations internationally.

• The Jasiri Gender Bond was launched in February 2022 and mobilised USD 32 million with an annual return of 8.5%. It was oversubscribed by 197% and became the first Sub-Saharan Bond to be listed on the Luxembourg Green Exchange.
• The bond's investor base is composed of 69% Tanzanian investors and 31% foreign investors, with a gender split of 52% female and 48% male investors. Institutional investors represent 99% of the investor base, while retail investors account for 1%.
• The bond supports women in business across various sectors, including the agricultural sector where women make up more than 65% of the workforce. It has aided traditional female-led businesses in education and retail, as well as facilitating entry into male-dominated fields such as energy, mining, and spare parts.
• A specific beneficiary, High Quality Tanzania, used Jasiri loans to scale from importing 300 cartons to distributing seven containers of feminine hygiene products, resulting in a turnover exceeding TZS 10 Billion ($3.9 million) in the previous year.

APA

FSD Africa (2023). FSD Africa Impact Ground-breaking Jasiri Gender Bond in Tanzania. https://fsdafrica.org/wp-content/uploads/2025/05/FSD-Africa-Jasiri-Gender-Bond-High-Quality-Tanzania-23.02.24.pdf

Chicago

FSD Africa. FSD Africa Impact Ground-breaking Jasiri Gender Bond in Tanzania. 2023. https://fsdafrica.org/wp-content/uploads/2025/05/FSD-Africa-Jasiri-Gender-Bond-High-Quality-Tanzania-23.02.24.pdf.

Wikipedia

{{cite report |author=FSD Africa |title=FSD Africa Impact Ground-breaking Jasiri Gender Bond in Tanzania |date=March 2023 |url=https://fsdafrica.org/wp-content/uploads/2025/05/FSD-Africa-Jasiri-Gender-Bond-High-Quality-Tanzania-23.02.24.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafrica2023fsd, author = {{FSD Africa}}, title = {{FSD Africa Impact Ground-breaking Jasiri Gender Bond in Tanzania}}, institution = {FSD Africa}, year = {2023}, month = mar, url = {https://fsdafrica.org/wp-content/uploads/2025/05/FSD-Africa-Jasiri-Gender-Bond-High-Quality-Tanzania-23.02.24.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }