BOI Guaranteed Loans for Women Entrepreneurs (GLOW) Program (Up to ₦50 million)

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Applications are open for BOI Guaranteed Loans for Women Entrepreneurs (GLOW) Program. The Bank of Industry (BOI) has launched the Guaranteed Loans for Women (GLOW) — a dedicated fund created to empower women-owned and women-led businesses across Nigeria.

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.

The Bank of Industry (BOI) recognizes women’s economic empowerment as essential to national growth. As part of its commitment to gender inclusion, BOI is taking intentional steps to embed gender considerations across its operations and policies. The Bank actively supports women-owned businesses and builds partnerships that strengthen opportunities for women across sectors.

BOI identifies Gender as one of its core Thematic Areas with a dedicated Gender Business Desk and a strong commitment to gender inclusion at every level.

Their MISSION? To close the financial gap and fuel the rise of bold, visionary female entrepreneurs, like you.

GLOW isn’t just about funding. BOI is here to fuel your growth. This initiative is designed to equip women entrepreneurs with the resources, support, and opportunities they need to scale and succeed. With GLOW, you gain access to more than capital, you become part of a growth-focused ecosystem built to meet your needs and amplify your impact.

BOI GLOW Program Benefits

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

BOI GLOW Program Features

Tenor: Up to 5 years
Interest Rate: 7% per annum all-inclusive
Obligor Limit: Up to ₦50 million (Fifty Million Naira Only)
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.

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, ICT, digital marketing and e-commerce, Oil & gas and its value chain, Creative industry and entertainment, Agribusiness and its value chain, Healthcare and fitness, Education Renewable energy, Eateries and cafeterias, Cold chain business, Arts and crafts, Solid minerals processing Aquaculture, Leather, Garmenting, Bakery and confectionary, Rafia palm processing, Waste management, Tourism and Hospitality, Other feasible and value adding businesses or services.

Eligibility Criteria

Ownership/entrepreneurship: A woman owned business is one that has at least 50% ownership by a woman.
Leadership: A woman-led business is one that has at least 30% women in senior leadership or 30% women on the Board or Investment Committee.
Employment: Share of women in the workforce up to 30% of the workforce as women
Supply chain: The enterprise must be committed to supporting women in the supply chain and have one quality indicator in the supply chain beyond compliance.
Products and services: The enterprise produces or has services that enhance the wellbeing of women/girls or drives gender equity.