FSD Africa Impact Ground-breaking Jasiri Gender Bond in Tanzania

The Jasiri Gender Bond, launched in February 2022, aims to stimulate economic growth and empower women in Tanzania. It mobilised USD 32 million with a 197% oversubscription rate and became the first Sub-Saharan Bond listed on the Luxembourg Green Exchange. The bond supports women in traditional sectors like retail and education, as well as male-dominated fields such as mining and energy. A specific example is provided through Gudila Kimati of Maggy Dress-Up, who used a loan from NMB Bank linked to the bond to diversify her plus-size clothing business into a one-stop shop offering shoes, handbags, and children's clothing.

• The Jasiri Gender Bond was launched in February 2022 and achieved significant financial traction, mobilising USD 32 million with an oversubscription rate of 197% and an annual return of 8.5%.
• The bond is notable for its investor composition, with 69% of investors being Tanzanian and 52% being female. It is heavily dominated by retail investors (99%) compared to institutional investors (1%), which differs from the typical corporate bond market.
• The bond supports women's economic empowerment across various sectors, including the agricultural sector where women make up over 65% of the workforce, as well as retail, education, mining, energy, and spare parts.
• The Jasiri Gender Bond is the first bond from Sub-Saharan Africa to be listed on the Luxembourg Green Exchange.
• The business Maggy Dress-Up, owned by Gudila Kimati, utilised a loan from NMB Bank associated with the Jasiri Bond to overcome product range limitations and diversify its offerings to include shoes, handbags, and children's clothing.

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-Maggy-Dress-Up-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-Maggy-Dress-Up-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-Maggy-Dress-Up-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-Maggy-Dress-Up-23.02.24.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }