Women Focused Funds
Driving Gender Equality and Women Empowerment
BOI is a firm believer in gender equality and has positioned itself to ensure that women-owned and women-led businesses can access low-cost financing over long tenors and with favourable terms. Inadequate support for MSMEs often affects women disproportionately, making it more difficult for them to become successful entrepreneurs. Hence, this demographic of entrepreneurs are given added focus and support by the bank.
Women’s economic empowerment boosts productivity, increases economic diversification and income equality in addition to other positive development outcomes. Enabling growth in these businesses would certainly add to the National GDP. Through a dedicated Gender Desk, BOI coordinates loans and partnerships to empower and support women entrepreneurs and their economic well-being.
The Gender Business Group’s area of focus is emerging sectors particularly Women in Businesses irrespective of the sectors The Group’s sub-sectors are as follows:
Agro-Processing, Healthcare, Food Processing, I.C.T & Engineering, Creative Industry, Gas & Petrochemical and Fashion Industry.
WHY CHOOSE BOI
We Create Convenient and Valuable Opportunities for Businesses in Nigeria
Women Focused Products
Building capacity and providing financial support for Female Entrepreneurs
Since our inception, BOI has disbursed its funds in the form of low-cost and long-term loans in excess of ₦67.28 Billion ($140.1 million) to over 1.3 million women-led enterprises. Our intervention is expected to assist beneficiaries to enhance their production capacities, and save foreign exchange through import substitution.
Voltaire Lifestyle Services Limited the owner of Gaia Africa – is a private members’ business and social club where leading women come together to do business, socialize, and establish bonds for impact. The club was launched in November 2021. BOI has provided financing to the company via a loan for the procurement of equipment set up for the clubhouse. As a result of the Bank’s intervention, the company has added 20 new direct and indirect jobs.
Digital Jewels Limited was incorporated on November 8, 2007. The company is an Information technology Value Chain Consulting and Capacity Building firm with a focus on IT Governance, Risk & Compliance and deep competencies in Information Security. The company provides general training for the acquisition of skills in specialized IT fields to the corporate market. As a result of the Bank’s intervention, the company has added 6 new direct and indirect jobs.
Kes Products Limited was incorporated on October 28, 1994, to engage in the production of polyethene and polypropylene industrial and agricultural packaging materials. BOI has supported the company with a loan for the procurement of plant and machinery for the production of ethylene and polypropylene industrial and agricultural packaging materials. As a result of the Bank’s intervention, the company has added 70 new direct and indirect jobs.
Lontor Hi-Tech Company Ltd was incorporated on July 30, 2015, to engage in the importation of household, office and electrical appliances, such as rechargeable fans, rechargeable lanterns, torches and batteries. BOI supported the company with a loan for the establishment of integrated production and assembly of Rechargeable and NonRechargeable Fans, Rechargeable Lamps, Rechargeable Torches and Rechargeable Batteries. As a result of the Bank’s intervention, the company has added 20 new direct and indirect jobs.
Frequently Asked Questions on Enterprise Products
Browse through our repository of answers to our frequently asked questions. Should you not find a conclusive answer to any of your questions, please book a consult by filling out the form on the right and we will get in touch with you.
Loans can be applied for either physically or online. For physical application, customers are advised to apply either at any of the BOI branch offices that is closest to them or at the headquarters (for loan applications that are N1bn and above). Customers who want to apply online can do so by applying on the bank’s website or by clicking the link www.boi.ng/apply to apply.
There are criteria that must be met for a project to be eligible for financing. These include:
- Businesses must be registered with the Corporate Affairs Commission (CAC)
- Businesses must have their audited financial statements (if existing)
There is a checklist that can guide loan applicants. The list of requirements to apply for a loan can be found on the Bank’s website. Please click here for Pre and Post Approval documentation requirements. (LE checklist link)
Yes, there is a checklist that can guide loan applicants. The list of requirements to apply for a loan can be found on the Bank’s website. Please click here for Pre and Post Approval documentation requirements.
All loan applications are submitted at the respective groups within the head office. However, it is IMPORTANT TO NOTE that processing of the loan application does not commence until all documents stated in the checklist are provided. (Our Locations)
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