FSD Africa Impact Ground-breaking Jasiri Gender Bond in Tanzania

This case study describes the Jasiri Gender Bond, a financial instrument launched in February 2022 to stimulate economic growth and empower women-led businesses in Tanzania. It highlights the bond's financial performance, its role in supporting women in both traditional and male-dominated sectors, and provides a specific example of a business, High Quality Tanzania, that scaled its operations using Jasiri loans.

• The Jasiri Gender Bond was launched in February 2022 and became the first Sub-Saharan Bond to be listed on the Luxembourg Green Exchange. It mobilised USD 32 million with an oversubscription rate of 197% and an annual return of 8.5%.
• The bond's investor base is composed of 69% Tanzanian investors and 31% foreign investors. In terms of gender, 52% of investors are female and 48% are male. The investor profile is heavily skewed toward retail investors (99%) compared to institutional investors (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, while also facilitating growth in male-dominated fields such as energy, mining, and spare parts.
• High Quality Tanzania, a feminine hygiene product importer led by Selina Godfrey Letara, used Jasiri loans to scale from importing 300 cartons to distributing seven containers. The business reported a turnover exceeding TZS 10 Billion ($3.9 million) last year and attributed its growth to the speed of the loan process, noting that funds can be received within an hour of a request.

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} }