How to Apply for BOI GLOW Fund 2025: Empowering Nigerian Women Entrepreneurs with up to ₦50 Million in Affordable Loans
Are you a woman entrepreneur in Nigeria looking to grow, expand, or scale your business?
The Bank of Industry (BOI) has launched the GLOW Fund — a ₦10 billion financing initiative dedicated exclusively to supporting female-owned and female-led businesses across the country.
Designed to bridge the gender financing gap, the GLOW Fund (Gender Loan Opportunities for Women) provides access to affordable loans, mentorship, business development support, and capacity-building programs — helping women-owned enterprises thrive in today’s competitive economy.
About the GLOW Fund
The GLOW Fund is part of BOI’s broader commitment to gender inclusion, financial empowerment, and sustainable development.
Through its Gender Business Desk, BOI has identified women’s entrepreneurship as a key driver of national growth and is providing targeted financial support for women-owned MSMEs across all sectors.
With the GLOW initiative, BOI aims to:
- Close the financial gap for women entrepreneurs
- Support female-led innovation and job creation
- Strengthen women’s participation in Nigeria’s formal economy
- Build sustainable, inclusive growth across all regions
In short, GLOW is not just funding — it’s a movement empowering women to lead, innovate, and succeed.
Key Features of the GLOW Fund
Here’s what you stand to gain when you apply for BOI’s GLOW Fund:
| Feature | Details |
|---|---|
| Loan Amount | Up to ₦50 million |
| Interest Rate | 7% per annum (all-inclusive) |
| Loan Tenor | Up to 5 years |
| Purpose | Business expansion, equipment purchase, working capital, product development |
| Target Group | Nigerian women entrepreneurs, business owners, and startups led by women |
The GLOW Fund is structured to make financing accessible, affordable, and flexible — with special consideration for women-owned SMEs across manufacturing, agriculture, creative industries, retail, services, and technology.
Benefits of the GLOW Fund
The GLOW Fund offers more than just capital. Beneficiaries will enjoy a complete package of financial and non-financial support tailored to their growth journey:
🔹 1. Affordable Financing
Get access to low-interest business loans with flexible repayment plans designed to ease the financial burden of scaling your business.
🔹 2. Business Development Support
BOI provides hands-on guidance to help you strengthen operations, increase profitability, and scale sustainably.
🔹 3. Capacity Building & Training
Gain access to exclusive workshops, technical assistance, and leadership development programs that equip women entrepreneurs with practical, real-world skills.
🔹 4. Mentorship & Networking
Connect with experienced business leaders, investors, and successful women founders for strategic mentorship and growth opportunities.
With GLOW, you don’t just get funding — you get a partner committed to your success.
Eligibility Criteria
To qualify for the GLOW Fund, applicants must:
✅ Be a Nigerian woman entrepreneur or female-led business owner
✅ Operate a registered business in Nigeria (Enterprise or Limited Liability Company)
✅ Have a viable business plan or feasibility report
✅ Show evidence of business operations and financial records
✅ Demonstrate commitment to business sustainability and job creation
Required Documents
Depending on your business structure and loan request size, BOI requires specific documentation for both pre-approval and post-approval stages.
For Registered Enterprises (Business Name)
- Business registration certificate
- Formal application letter
- Feasibility report or business case
- Bank statements (1 year)
- Promoter’s CV and ID
- Utility bill
- Cash flow projections
- Pro-forma invoices for equipment/raw materials
For Limited Liability Companies (₦10M–₦50M Loan Requests)
- Certificate of Incorporation (CAC)
- CAC Forms 2 & 7 (Allotment of Shares & Particulars of Directors)
- MEMART (Memorandum and Articles of Association)
- 3 years audited financials (for existing businesses)
- Tax clearance certificates
- Pro-forma invoices, feasibility study, and financial projections
- IDs and passport photos of directors and guarantors
- Evidence of property ownership or lease agreement
Post-Approval Requirements
After your loan is approved, you’ll be required to sign key documentation such as:
- Loan Agreement
- Irrevocable Personal Guarantee
- GSI Mandate
- Acceptance Letter
- CRMS Authorization
- Proof of Insurance Fee payment
How to Prepare a Strong Feasibility Study
To strengthen your GLOW Fund application, BOI recommends including the following in your feasibility study:
- Detailed company profile and history
- Promoters’ CVs and ownership structure
- Comprehensive market analysis and competition review
- Cost breakdown and financing plan
- Production, marketing, and operational strategy
- 5-year cash flow and financial projections
- List of required machinery and equipment with quotations
- Business impact on job creation and local economy
A clear and professional feasibility report significantly increases your chances of approval.
How to Apply for the BOI GLOW Fund
Applying for the GLOW Fund is simple and transparent.
Step 1: Visit the GLOW Portal
Go to the official BOI GLOW website: 👉 https://www.boi.ng/glow
Step 2: Register or Log In
Create an account or log in if you already have one.
Step 3: Complete the Application
Fill out the online form carefully, upload all required documents, and submit your feasibility report and supporting materials.
Step 4: Verification & Evaluation
BOI will review your application, conduct due diligence, and invite eligible applicants for further engagement.
Step 5: Loan Approval & Disbursement
Once approved, funds will be disbursed directly into your business account for approved purposes.
Why Every Nigerian Woman Entrepreneur Should Apply
The BOI GLOW Fund is more than a financing program — it’s a national platform for women’s economic empowerment.
Here’s why it matters:
Bridging the Gender Gap: Women-led businesses in Nigeria often face financing barriers — GLOW eliminates those challenges.
Supporting Growth: Access to affordable capital allows women entrepreneurs to expand production, hire staff, and increase market reach.
Driving National Development: Empowering women in business directly contributes to poverty reduction, innovation, and inclusive economic growth.
With GLOW, you GROW — and by empowering women, Nigeria thrives.
Contact Information
For inquiries or support:
[email protected]
0700-CALL-BOI (0700 225 5264)
Visit: https://www.boi.ng/glow
Follow BOI on social media for updates:
Instagram | Facebook | LinkedIn — @bankofindustryng
