The Bank of Industry (BOI) has launched a new empowerment initiative, known as the Guaranteed Loans for Women (GLOW), a ₦10 billion loan scheme designed to support women-owned businesses across Nigeria.
The program is designed to give female entrepreneurs access to affordable funding, mentorship, and technical support, helping them build sustainable and scalable enterprises in today’s competitive economy
About the BOI GLOW Initiative
According to the BOI, the GLOW Loan Program forms part of its broader commitment to gender inclusion and financial access for women. The bank emphasized that empowering women is key to national development and sustainable economic growth.
Through its Gender Business Desk, BOI ensures that women’s economic participation is promoted at all levels of its operations. The initiative provides targeted funding, mentorship, and business development support to help bridge the gender financing gap in Nigeria.
“The goal is to empower bold, visionary women entrepreneurs with the resources and opportunities they need to thrive,” the bank said in a statement.
The GLOW program also aims to foster innovation, create jobs, and increase the visibility of women-led businesses across various sectors, including manufacturing, agriculture, retail, fashion, and services.
Loan Features and Benefits
Under the GLOW scheme, beneficiaries will have access to flexible funding options and additional business support services.
Below are the key features of the loan:
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Micro Enterprises: Up to ₦10 million
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Small and Medium Enterprises (SMEs): Up to ₦50 million
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Loan Tenor: Maximum of 5 years
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Interest Rate: 7% per annum
In addition to the financial assistance, BOI will provide mentorship, expert-led training, and business advisory services to ensure long-term success for participants.
This makes GLOW one of the most competitive empowerment programs for women entrepreneurs in Nigeria, combining low-interest funding with strategic capacity development.
Who Is Eligible to Apply?
The BOI GLOW Loan is open to:
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Women-owned businesses registered and operating in Nigeria.
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Gender-focused enterprises promoting inclusion and women’s empowerment.
Applicants must demonstrate that their businesses are legally registered, structured, and have the potential for growth and impact.
How to Apply for the BOI GLOW Loan
Interested applicants can apply for the BOI GLOW Guaranteed Loans for Women through the official online portal:
👉 https://iprogrammes.boi.ng
Alternatively, entrepreneurs can visit the nearest BOI state office or the official website at www.boi.ng for detailed information and guidance.
Applicants are advised to review all eligibility criteria carefully before submission.
BOI Reaffirms Commitment to Women’s Economic Empowerment
The Bank of Industry reaffirmed its mission to create inclusive opportunities for women in business through strategic financing, partnerships, and digital innovation.
With the ₦10 billion GLOW fund, BOI hopes to close the gender gap in access to finance, foster sustainable enterprises, and position Nigerian women as key drivers of the nation’s economic transformation.
Key Highlights of the BOI GLOW Loan Scheme
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BOI introduces ₦10 billion Guaranteed Loans for Women (GLOW)
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Offers up to ₦10 million for micro businesses and ₦50 million for SMEs
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Features a 7% interest rate and 5-year repayment period
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Provides mentorship, training, and capacity development
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Application portal: iprogrammes.boi.ng
