Sterling Bank and DBN Launch ₦20 Billion Funding Scheme for Women Entrepreneurs in Nigeria | Apply Now
Sterling Bank, in partnership with the Development Bank of Nigeria (DBN), has unveiled a ₦20 billion funding initiative aimed at empowering women entrepreneurs across Nigeria.
This transformative program is designed to help women-owned and women-led businesses access affordable financing, scale their operations, and drive growth in key sectors of the economy.
Through this initiative, eligible female founders can access up to ₦75 million in business loans with flexible repayment options, tailored to support expansion and long-term sustainability.
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Programme Highlights
- Total Fund Size: ₦20 Billion
- Maximum Loan Amount: ₦75 Million per business
- Repayment Period: Up to 3 years
- Target Group: Women-owned and women-led businesses in Nigeria
- Eligible Sectors: Healthcare, Education, Agriculture, Fashion, Food & Beverage
- Partners: Sterling Bank & Development Bank of Nigeria (DBN)
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Benefits of the Sterling Bank ₦20 Billion Women’s Fund
- Access up to ₦75 million in affordable financing to grow or scale your business.
- Enjoy flexible repayment terms of up to three (3) years.
- Benefit from a funding program designed exclusively for women entrepreneurs.
- Receive support from two credible national financial institutions committed to empowering women.
- Strengthen your business capacity for expansion, innovation, and sustainability.
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Eligibility Criteria
To qualify for this funding opportunity, applicants must:
- Be a woman entrepreneur or majority female business owner.
- Own or lead a registered business operating in Nigeria.
- Operate within one of the following eligible sectors: Healthcare, Education, Agriculture, Fashion, or Food & Beverage.
Apply here
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