Apply Now: Bank of Industry (BOI) GLOW Guaranteed Loans for Women Entrepreneurs in Nigeria

Posted April 30, 2026

Job Description

The Bank of Industry (BOI) has launched an inspiring initiative — GLOW (Guaranteed Loans for Women) — a ₦10 billion fund created to empower and support women entrepreneurs across Nigeria.

This initiative is not just a financial program; it’s a transformative platform designed to help women build, scale, and sustain thriving businesses in every sector of the economy.

Whether you’re a startup founder or managing a growing enterprise, GLOW provides you with the tools, funding, and mentorship to reach your next milestone.

About the GLOW Initiative

Recognizing that women’s economic empowerment is key to national development, BOI is taking bold steps to promote gender inclusion through targeted financial support and policy-driven action.

Through its Gender Business Desk, the Bank of Industry ensures that women-owned and women-led enterprises receive tailored resources to overcome barriers, close financial gaps, and create lasting economic impact.

The vision is clear — to fuel the rise of bold, visionary, and empowered female entrepreneurs across Nigeria.

Loan Features and Benefits

The BOI GLOW Scheme offers both financial and non-financial support to help women entrepreneurs succeed sustainably.

Loan Categories:

Micro Enterprises: Up to ₦10 million
Small & Medium Enterprises (SMEs): Up to ₦50 million

Key Loan Features:

Tenor: Up to 5 years
Interest Rate: 7% per annum (highly competitive and affordable)
Repayment: Flexible repayment terms tailored to business size and structure

Additional Benefits:

Capacity-building workshops and entrepreneurship training
Mentorship and advisory support from industry experts
Access to networking and growth opportunities
Business development support to enhance sustainability

Who Can Apply?

The GLOW Guaranteed Loan targets:

Women-owned businesses (with at least 50% female ownership or leadership)
Gender-forward businesses that actively promote women’s empowerment and inclusion

Apply here

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