About BOI Microfinance Bank 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.

Requirement 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

Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, FCT-Abuja, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Lagos, Nasarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Rivers, Sokoto, Taraba, Yobe & Zamfara

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.

Location

Contact Address

23 Marina Street, Lagos

Loan Calculator

Loan Amount

50000
LOAN DURATION (MONTHS)
REPAYMENT FREQUENCY
MANAGEMENT FEE DEDUCTION
Management fee does not apply
MONTHLY INSTALLMENTS

Loan Summary

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Total Amount Payable

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Avg. Monthly Payment(Est.)

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All rights reserved. © 2025AfricaCompare Limited