Apply BOI Guaranteed Loans for Women 2026
Apply BOI Guaranteed Loans for Women 2026 | Guaranteed Loans for Women (GLOW) is an initiative by the Bank of Industry (BOI) designed to empower female entrepreneurs by providing access to tailored financial services, business support, and capacity-building programs. This product aims to address the financial inclusion gap and foster the growth of women businesses in various sectors. Follow the guideline and apply
GLOW (Guaranteed Loans for Women) is more than a financial product, it is a transformative solution built to ignite the growth of women-owned businesses across sectors. Whether you’re just starting out or scaling up, GLOW is here to champion your journey with Real Tools, Real Support, and Real Impact.
List of Grant and Loan Empowerment Program 2025
Benefit:
GLOW shall provide support in value adding activities excluding trading and primary agriculture. These include activities in manufacturing, agribusiness, processing, and other ventures contributing to economic diversification and job creation.
Beneficiaries would be eligible for a loan of a maximum of N10 million for micro enterprises, and a maximum of N50 million for SME Businesses, which can be utilized for asset and raw material finance.
- Affordable, accessible financing tailored to your business
- Strategic business development support to strengthen your operations
- Hands-on capacity-building programs that deliver practical skills
- Mentorship and coaching from experienced industry leaders
Features:
Tenor: Up to 5 years
Interest Rate: 7% per annum all-inclusive
Obligor Limit: Up to ₦50 million (Fifty Million Naira Only)
Eligibility Criteria:
Women Owned Businesses
Target Market
The target market is registered Limited Liability Companies, Enterprises engaging in business in any of the underlisted business areas/sectors
- Manufacturing and processing
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ICT, digital marketing and e-commerce
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Oil & gas and its value chain
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Creative industry and entertainment
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Agribusiness and its value chain
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Healthcare and fitness
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Education
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Renewable energy
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Eateries and cafeterias
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Cold chain business
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Arts and crafts
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Solid minerals processing
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Aquaculture
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Leather
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Garmenting
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Bakery and confectionary
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Rafia palm processing
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Waste management
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Tourism and Hospitality
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Other feasible and value adding businesses or services
Requirement
- For loans below N5m – 1 External Guarantor
- For loans of N5-10m – 2 External Guarantors
- For loans of N10-50m – Bank Guarantee/Legal Mortgage
- Executed Global Standing Instruction (GSI) Mandate
- Security Requirement to be updated to include: All asset debenture on borrower’s asset.
Document Needed:
- Certification of Registration & Form for registration of business name
- Means of Identification (i.e. Photocopy of International Passport and Driver’s Licence or Permanent Voter’s Card)
- Bank Statement of the Business Enterprise/Chief Promoter for a period of one (1) year.
- Curriculum Vitae (CV) of the Promoter and Key Management Staff.
- Utility Bill
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