Bank of Industry Launches Guaranteed Loans for Women

 

Bank of Industry Launches Guaranteed Loans for Women

The Growth Loans for Women (GLOW) is a loan provides by the Bank of Industry for womens business in various sectors which is is more than a financial product, it is a transformative system built to enable the growth of womens businesses across multiple business sectors.

Whether you are starting out or scaling up, Growth Loans for Women (GLOW) is an initiatives to help womens owned businesses to succeed on their journey with real support , real tools and the real impact.

This loan was providing by the bank of industry to support womens businesses across multiple business sectors across Nigeria.

About Guaranteed Loans for Women (GLOW)

The Bank of Industry (BOI) recognizes women’s economic empowerment as a key national development priority. As part of its commitment to gender mainstreaming, BOI is taking proactive steps to integrate gender considerations into its operations and policies.

The bank of industry designed this loan to supports womens entrepreneurship and builds partnerships that strengthen opportunities for women in various business sectors.

Loan Key Features

• Loan Application Opens: October 2th, 2025
• Loan Provider: Bank of Industry (BOI)
• Loan Name: Guaranteed Loans for Women
• Loan Tenor: Up to 5 years
• Loan Interest Rate: 7% per annum all inclusive
• Loan Obligor Limit: Up to ₦50 million Only
• Loan Eligibility Criteria: Women Owned Businesses
• Loan Location: All States Plus FCT Abuja
• Loan Country: Nigeria
• Loan Application Deadline: Not Specified 

Benefits of GLOW Loan

• Affordable, flexible funding alignment to your business.
• Leadership and coaching from experienced industry leaders.
• Skill development programs that provide job skills.
• Support for developing business strategies to strengthen your operations.

Loan Target Market

The target market is registered Limited Liability Companies, Companies doing business in any registered area/business sector:

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

TVET  Begins Approval:Check your Application Status

GLOW Loan Registration Requirements

• First Name
• Last Name
• Middle Name
• Age
• Gender
• Home Address
• Phone Number
• Email Address
• Position in Company
• Ownership in Business (%)
• Business Name
• Business Type
• Business Registration Number
• Date of Registration
• TIN (Tax Identification Number)
• Years in Business
• State
• LGA (Local Government Area)
• Company Address
• Business Sector
• Number of Employees (Specify Male or Female)
• Amount Needed
• BVN (Bank Verification Number)
• NIN (National Identification Number)
• Highest Qualification
• Account Details
• Certificate of Registration (PDF/JPG)
• Letter Headed (PDF/JPG)
• Invoice (PDF/JPG)
• Bank Statement (PDF/JPG)
• Means of Identity (PDF/JPG)
• CV (PDF/JPG)
• Utility Bill (PDF/JPG)

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Loan Application Steps

Interested applicants shall follow these simple steps to complete your loan  application: 

Step 1: Application Form: Click on “Apply Now” to start the account creation process.

Step 2: Account Registration: Complete the registration by providing your BVN, NIN, personal details, valid email address, and password. Then accept the BOI Terms of Service and Privacy Policy, and click Create Account.

Step 3: Login & Access loan Application: Enter your valid email address and strong password to log in to your account.

Applicants should fill out the application form.

Fill out Business Information: Fill in your Business Details including:

• Business Name 
• Business Registration Number
• Business TIN
• Business Location
• Business Other required information

Step 4: Applicant Details: Complete your personal information including:

• Applicants Name: (First, Middle, and Last Name) 
• Applicants Age and Gender
• Applicants Home Address
• Applicants Phone Number
• Applicants Email Address
• Applicants Position in Company

Step 5: Employment Creation: Provide your  employment details about current and proposed employment:

• Employment Current number of direct and indirect employees
• Employment Breakdown by gender
• Additional employment opportunities
• The Impact on local employment

Step 6: Shareholder Information: Complete the business shareholder and ownership details:

• Business Authorized share capital
• Business Paid up capital
• Business Individual shareholders
• Business Corporate shareholders
• Business Percentage ownership breakdown

Step 7: Relationship with Other Banks: Provide the business relationship information about existing banking relationships:

• Business outstanding liabilities
• Business Loan types and amounts
• Business Current outstanding balances
• Business Bank account details

Step 8: Fill out Credit Facility Request: Fill out your loan request information:

• Business Previous loan applications
• Business Loan account numbers
• Business Granted loan history
• Business Consolidated amounts accessed

Step 9: Items to be Financed:  provides the Specify what you need financing for:

• Business Equipment to purchases
• Business Working capital needs
• Business Quantity and unit prices
• Business Supplier information
• Business Total financing amount

Step 10: Loan Amount: Review your loan amount details:

• Auto calculated from items to be financed
• Enterprise business limits to ₦10M
• Other business types Limits to ₦50M
• Business Existing assets valuation

Step 11: Security Information: Provide security and collateral informations:

• Business Existing assets
• Business Market values
• Business Forced sale values
• Business Guarantor information
• Business Risk assessment

Step 12: Business Model: Describe your business model and operations:

• Business Products and services
• Business Value proposition
• Business Top customers
• Business Equipment vendors
• Business strategy

Step 13: Risk and Mitigants: Address potential risks and mitigation strategies:

• Business risks identification
• Business Risk mitigation strategies
• Business Contingency plans
• Business Risk acceptance criteria

Step 14: Documentation: Upload all required supporting documents:

• Business registration documents
• Business Financial statements
• Business Tax documents
• Business Bank statements
• Other Business supporting materials

Step 15: Submit Application: Fill out your application process:

• Review and cross-check all the information carefully
• Make sure all required fields are completed
• Upload all necessary documents
• Submit your application
• Wait for feedback through email address.

Read Also: NDE Shortlisted Candidates For All States

CLICK HERE TO SUBMIT APPLICATION 

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