Small Business Loan is a product which is offered to a female entrepreneur only. The core objective of this product is to empower the women in the country so that they can contribute to the economy effectively.

The key features of this loan are:

  • The loan is for expansion of small businesses only.
  • Helps underprivileged to overcome the dependency on moneylenders.
  • Develops a self-help mentality and self-employment capacities of the entrepreneurs.
  • Makes the underprivileged communities self-reliant through involving in income-generating activities.

Loan ceiling (1st loan)

NGN 50,000 - 200,000

Follow-on loan

NGN 20,000 - 50,000

 processing fees


No. of instalments

24 weeks

Loan duration / period

6 months

Processing time for 1st loan

1 weeks

Grace period

1 weeks

Age limit

21 – 55 years

Maximum loan limit

NGN 500,000

Collateral requirement

Not required