Story perspectives

BOI Launches ?10 Billion Loan Fund for Women Entrepreneurs

3/27/2025

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Summary

Story summary

The Bank of Industry (BOI) introduced the ?10 billion Project Guaranteed Loans for Women (GLOW) to empower female entrepreneurs in Nigeria.
This initiative addresses the financial inclusion gap, with women representing 41% of Nigeria's micro-businesses.
GLOW Fund provides low-interest loans, mentorship, and capacity-building programs to improve capital access.
Women-owned businesses face a financing gap exceeding $42 billion, limiting economic growth and job creation.
BOI partners with the Women’s Chamber of Commerce to facilitate effective funding for women-led enterprises.

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Story summary

The Bank of Industry (BOI) introduced the ?10 billion Project Guaranteed Loans for Women (GLOW) to empower female entrepreneurs in Nigeria.
This initiative addresses the financial inclusion gap, with women representing 41% of Nigeria's micro-businesses.
GLOW Fund provides low-interest loans, mentorship, and capacity-building programs to improve capital access.
Women-owned businesses face a financing gap exceeding $42 billion, limiting economic growth and job creation.
BOI partners with the Women’s Chamber of Commerce to facilitate effective funding for women-led enterprises.