₦10bn loan fund from Bank of Industry for women-owned or women-led businesses in Nigeria. NCGC guarantees 25% of each loan, so you need less collateral than standard BOI lending. Interest is 7% per annum.
A Bank of Industry loan fund for women-owned and women-led businesses. NCGC guarantees part of each loan, so collateral requirements are lighter than on standard BOI loans. The fund is N10bn. Terms: 7% per annum (BOI release, Jan 2026). NCGC provides a 25% credit guarantee. Flexible collateral. Tenor not stated.
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Applications are assessed on commercial viability, growth potential, sector fit, and quality of your business plan and supporting documents. The 25% credit guarantee from NCGC means lenders focus less on collateral and more on your ability to repay. After approval, you will be matched with a participating bank to finalise loan terms and disburse funds. Processing timelines are not published; contact BOI directly for expected wait times.
What reviewers look for
The programme fund is ₦10 billion total, but individual loan sizes are not stated in the published information. Contact BOI through the iProgrammes portal to discuss how much your business can borrow based on your financial need and ability to repay.
The loan tenor (repayment period) is not stated. This is typically agreed between you and the participating bank during finalisation. Ask at the application stage or during your interview.
Applications are rolling, meaning there is no fixed closing date. However, the fund is finite (₦10 billion), so it may close once fully allocated. Apply soon to avoid missing out.
No. The programme accepts women-owned or women-led businesses. Women-led means a woman directs the business, even if she does not own it outright. Check your ownership documents and be clear about your role in your application.
The programme prioritises manufacturing, ICT, e-commerce, creative, healthcare, education, renewable energy, and waste management. Businesses outside these sectors are unlikely to qualify. If you are unsure whether your sector fits, contact BOI for clarification before applying.
Guide written from the official programme page on 15 October 2026. Funders change their rules, so confirm the details on the official page before you apply.
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