APPLY FOR THE FEDERAL GOVERNMENT BOI LOAN
Are you a woman in business looking for real financial support to grow, expand, or scale your enterprise? The BOI GLOW Loan is one of the biggest empowerment opportunities available today and before you rush to apply, here are 10 crucial things you must know to avoid mistakes and increase your chances of approval.
1. It’s a Federal Government Empowerment Loan
This loan is initiated by the Federal Government and fully managed by the Bank of Industry (BOI) under the GLOW initiative. It’s safe, transparent, and strictly regulated.
2. Loan Amount You Can Access
1. Micro-Enterprises (women-owned): Up to ₦10 million
2.Small & Medium Enterprises (SMEs): Up to ₦50 million
Whether you’re running a small shop or a fast-growing SME, there’s a category for you.
3. Strictly for Women Entrepreneurs
Only women-owned or women-led businesses can apply. This initiative aims to support women in building sustainable, profitable enterprises.
4. Long Repayment Period — Up to 5 Years
You have 60 months to comfortably repay the loan. This extended timeline helps you reinvest profits and grow without pressure.
5. Very Low Interest Rate — Just 7% Annually
This is one of the lowest loan rates in Nigeria.
Example: Borrow ₦100,000 → Pay only ₦7,000 interest for the entire year.
No hidden charges.
6. Flexible Moratorium (Grace Period)
Repayment doesn’t have to start immediately. Based on your business type, you may get:
1. 3 months
2. 6 months
3. OR up to 1 full year before repayment begins.
7. Approved Business Sectors
To qualify, your business must fall under one of the following sectors:
1. Manufacturing & processing
2. ICT, digital marketing & e-commerce
3. Oil & gas value chain
4. Creative industry & entertainment
5. Agribusiness
6. Healthcare & fitness
7. Education
8. Renewable energy
9. Eateries & cafeterias
10. Cold chain logistics
11. Arts & crafts
12. Solid minerals processing
13. Aquaculture
14. Leather works
15. Garmenting
16. Bakery & confectionery
17. Raffia palm processing
18. Waste management
19. Tourism & hospitality
20. And other feasible, value-adding industries
If your business fits any of these, you’re already halfway ready.
8. Disbursement Timeline
No fixed timeframe but once your documents and requirements are complete, approval may take a few days to a few weeks.
9. CAC Registration Is Mandatory
Your business must be registered with the Corporate Affairs Commission (CAC). Unregistered businesses are automatically disqualified.
10. Collateral Requirements
Your collateral depends on the loan size:
1. Below ₦5m: 1 external guarantor
2. ₦5m – ₦10m: 2 external guarantors
3. ₦10m – ₦50m: Bank Guarantee or Legal Mortgage
Plus:
1. GSI Mandate (Global Standing Instruction)
2. All-asset debenture may also be required depending on your loan category.
Need CAC Registration or a Bankable Business Plan?
If you need:
1. CAC Certificate
2. A professional, bankable business plan for loan or grant applications
I can help you process them quickly and efficiently.
Apply or learn more via the official link below: [https://iprogrammes.boi.ng/]
Ladies, this is an opportunity you can’t afford to miss.