Working Capital Loan
BOI Microfinance Bank
About Working Capital Loan
Working capital loan is designed for micro entrepreneurs and small business owners who desire to borrow for business purposes to enhance their businesses.
Requirements for loan
- Utility bill (within the preceding 3 months)
- Statement of account for a minimum of 6 months and pay slips covering an equivalent period for salary earning borrowers
- Utility bill (within the preceding 3 months), signed post-dated cheques and valid means of identification for guarantor(s)
- Flexible collateral requirements
- Valid ID – Driver’s ID, National ID or International passport.
- Must be in business for at least 12 months
- Bank Verification Number (BVN)
- Signed post-dated cheques
- Statement of account for a minimum of 6 months and pay slips covering an equivalent period for salary earning guarantors
- 2 recent passport photographs of guarantor(s)
- Two (2) recent passport photographs
States Covered
Provider Details
About provider
BOI Microfinance Bank Nigeria is a subsidiary of Bank of Industry Nigeria. It offers a broad range of financial services to micro, small and medium-sized enterprises and various low income earners both as individuals and as groups. BOI Microfinance Bank is fully committed to improving entrepreneurs businesses by providing easily accessible loans and good business advices to help improve and sustain long term growth. It also provides various saving deposits for all level of customers. It is a limited liability company duly incorporated in Nigeria under the 2002 Companies and Allied Matters Act, and is regulated by the Central Bank of Nigeria. Being a subsidiary of The Bank of industry the bank has a very strong financial backing and has been tasked with improving access to financial services in the country.
About Working Capital Loan
Working capital loan is designed for micro entrepreneurs and small business owners who desire to borrow for business purposes to enhance their businesses.
Requirements for loan
- Utility bill (within the preceding 3 months)
- Statement of account for a minimum of 6 months and pay slips covering an equivalent period for salary earning borrowers
- Utility bill (within the preceding 3 months), signed post-dated cheques and valid means of identification for guarantor(s)
- Flexible collateral requirements
- Valid ID – Driver’s ID, National ID or International passport.
- Must be in business for at least 12 months
- Bank Verification Number (BVN)
- Signed post-dated cheques
- Statement of account for a minimum of 6 months and pay slips covering an equivalent period for salary earning guarantors
- 2 recent passport photographs of guarantor(s)
- Two (2) recent passport photographs
States Covered
Provider Details
About provider
BOI Microfinance Bank Nigeria is a subsidiary of Bank of Industry Nigeria. It offers a broad range of financial services to micro, small and medium-sized enterprises and various low income earners both as individuals and as groups. BOI Microfinance Bank is fully committed to improving entrepreneurs businesses by providing easily accessible loans and good business advices to help improve and sustain long term growth. It also provides various saving deposits for all level of customers. It is a limited liability company duly incorporated in Nigeria under the 2002 Companies and Allied Matters Act, and is regulated by the Central Bank of Nigeria. Being a subsidiary of The Bank of industry the bank has a very strong financial backing and has been tasked with improving access to financial services in the country.
Subscribe For Financial Tips and Offers!
Sign up for our newsletter to get the best offers, expert advice, and more!
By continuing, you agree to our Terms & Conditions and Privacy Policy.