The Bank of Industry (BOI) offers the GLOW (Growing the Local Operators in Women) Guaranteed Loan Scheme to empower women entrepreneurs in Nigeria. This initiative is designed to provide financial support to women-owned businesses, helping them overcome funding challenges and grow their enterprises.
Key Features:
- Loan Amount: Loans typically range from ₦500,000 to ₦5 million, depending on the business size and needs.
- Eligibility: Women entrepreneurs with viable business plans operating in Nigeria.
- Interest Rate: Competitive interest rates with flexible repayment terms.
- Guarantee: The BOI provides a guarantee to reduce the risk for lending institutions, making it easier for women to access loans.
- Purpose: The loan can be used for business expansion, capital investments, or working capital.
Benefits:
- Access to affordable financing tailored for women entrepreneurs.
- Capacity building and business advisory services.
- Support in scaling up businesses and creating employment.
How to Apply:
- Prepare a comprehensive business plan outlining your business goals and financial projections.
- Visit the nearest BOI branch or the official BOI website.
- Submit your loan application along with necessary documentation such as identification, business registration, and financial statements.
- Undergo the evaluation process and await loan approval.
For more information and updates, visit the official BOI website or contact their customer service centers.
Empower your business today with BOI GLOW Guaranteed Loans and contribute to Nigeria’s economic growth!
