Guaranteed Loans for Women (GLOW)

About this opportunity

BOI GLOW offers collateral-light loans up to ₦50 million at 7% p.a. for women-owned or women-led businesses in Nigeria. You need CAC registration, 2 years' trading history, and a viable business plan.

Who can apply

• Women-owned enterprises (majority ownership by women)
• Women-led enterprises (operational control by women)
• Registered with the Corporate Affairs Commission (CAC)
• Operating for a minimum of 2 years
• Business across agriculture, manufacturing, technology, creative industries, or energy sectors
• Applicants with valid BVN, NIN, and tax identification

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Full eligibility wording from the listing

CAC‑registered women‑owned or women‑led enterprises, minimum 2 years operating history, viable business plan, BVN, NIN and tax identification.

Documents you will need

• CAC registration certificate
• Business registration documents
• 2 years of audited or management accounts
• Business plan showing viability
• Bank statements (typically 6–12 months)
• Tax clearance or evidence of tax registration
• BVN and NIN documentation
• Personal and business identification

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How to apply, step by step

1. Confirm your business meets the criteria: CAC-registered, women-owned or women-led, 2+ years operating, and in an eligible sector.
2. Prepare your documents, including registration certificate, audited accounts for 2 years, and a viable business plan.
3. Visit the Bank of Industry website or contact your nearest BOI office to access the application portal or form.
4. Complete the application form with business details, loan amount needed, use of funds, and repayment plan.
5. Submit your application with all supporting documents through the portal or in person.
6. Await assessment; BOI will contact you with next steps, which may include a site visit or additional questions.

How applications are selected

What reviewers look for

• A 2-year audited or certified set of accounts is critical—estimates or informal records will delay or block your application.
• Show concrete revenue and profit figures rather than projections; BOI wants to see what you have already earned.
• Explain clearly how you will use the loan and how you will repay it from business cashflow, not asset sales.
• Demonstrate that your business operates in one of the named sectors and explain its relevance (e.g. agritech counts as both agriculture and technology).
• Ensure your BVN, NIN, and tax records are up to date and consistent across all documents.

Frequently asked questions

Guide written from the official programme page on 8 November 2026. Funders change their rules, so confirm the details on the official page before you apply.

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