Bank of Industry (BOI) GLOW Guaranteed Loans for Women Entrepreneurs in Nigeria 2026
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.
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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.
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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
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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