The Bank of Industry (BOI) has introduced an innovative program titled GLOW (Guaranteed Loans for Women) — a financial and business empowerment initiative designed to support women entrepreneurs and gender-forward businesses across Nigeria.
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Empowering Women Through Finance and Mentorship
GLOW is crafted to help women-owned enterprises access the resources they need to start, scale, and sustain their businesses. Through a combination of flexible loans, expert-led training, mentorship, and business support, the program aims to strengthen women’s participation in the Nigerian business ecosystem and ensure their long-term success.
Loan Opportunities
Under the GLOW program, qualified women entrepreneurs can access funding tailored to their business scale:
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Micro Enterprises: Up to ₦10 million
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Small and Medium Enterprises (SMEs): Up to ₦50 million
These funds are designed to help women-led ventures overcome financial barriers, expand operations, and contribute meaningfully to economic development.
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Flexible and Competitive Loan Terms
One of the standout features of the GLOW initiative is its favourable interest rate of 7% per annum, making it one of the most competitive in the market. In addition, the loan tenor extends up to 5 years, giving beneficiaries ample time to grow their businesses and repay sustainably.
Who Can Apply
The program targets:
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Women-owned businesses, and
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Gender-forward enterprises that promote women’s inclusion in business leadership and ownership.
Whether you are a female entrepreneur running a small enterprise or managing a growing SME, the GLOW initiative provides a pathway to financial access and professional growth.
How to Apply
Interested applicants can register and apply by visiting iprogrammes.boi.ng/glow. For further inquiries, entrepreneurs can visit www.boi.ng or any of the BOI state offices across the country.
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Through the GLOW initiative, the Bank of Industry continues its mission of transforming Nigeria’s industrial sector by promoting inclusivity and supporting women’s economic empowerment. With access to funding, mentorship, and expert guidance, women entrepreneurs can now take their businesses to the next level — fostering innovation, creating jobs, and contributing to national development.
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