Micro Business

Financing Disadvantaged and Vulnerable Sectors at the Grassroots

The Micro Enterprise Directorate provides low-interest lending solutions to micro-enterprises in the informal, semi-formal and formal sectors through the use of intermediary channels to ensure last-mile delivery, reach and programme sustainability.

We are committed to achieving our mandate to deepen BOI’s engagement with the Micro Enterprise sector through innovative financial and non-financial products and services. We have a strong network of strategic partnerships to deliver financial services to our target clients. In recent times we have also begun to deepen our use of technology to drive financial inclusion.

Through the activities of our directorates, we are able to increase the positive impact of our business operations by providing sustainable finance for development-focused sectors of our economy thereby contributing to the achievement of the sustainable development goals around ending poverty and hunger, driving quality education & gender equality, creating decent work and economic growth, and transforming industry, innovation and infrastructure.

Micro Business Group

The Directorate’s activities are executed along three strategic groups

Cluster Financing

Cluster Financing identifies and evaluates value chains strategic to the growth of the Nigerian economy. This group finances business along various value chains to guarantee the seamless flow of activities across the various chains. Financing products take into consideration the roles of the various stakeholders with a view to de-bottlenecking the access to finance challenges experienced along the value chains.

The lending solutions are designed to reach the ultimate beneficiaries, through intermediaries, or an anchor market to guarantee product offtake. Cluster financing programmes include the smallholder farmer cluster financing programme and the Agric Value Chain delivered through Babban Gona Farmer Services.

Products Under Cluster Financing

The Fintech Digital Lending

The product aims to alleviate the challenges experienced by MSMEs regarding access to financial services nationwide through the provision of digital loans. Through this product, the Bank leverages intermediaries such as FINTECH aggregators to provide indirect lending within the shortest time to Nigerian micro and very small businesses. This product aims to further encourage the Bank’s mandate to promote industrialization in Nigeria by providing quick and
seamless financing to MSMEs who account for 59% of Nigeria’s GDP, and are the significant drivers of job creation in the country. One such product is Self Reliance Economic Advancement Programme (SEAP).

SEAP is a non-bank MFI that provides microfinance services such as loans to microenterprises and micro-credit schemes. SEAP is dedicated primarily to the economic empowerment of the underprivileged, capacity building and improvement of the socio-economic condition of the poor. SEAP provides services such as loans, SEAP Health Foundation, Health Insurance Scheme Scholarship Scheme, Social Responsibility and Development, and Disaster Support Scheme.

Products Under Fintech Digital Lending

MSME Distributorship

The Distributor Financing Product aims to provide the much-needed working capital financing to micro-businesses for the purchase and supply of Made-in-Nigeria products and services through intermediary companies along the product value chain. BOI intervenes by bridging the funding gap through working capital loans to eligible intermediary companies that distribute locally produced goods and services to micro-entrepreneurs. Through this product, BOI promotes the growth of local product manufacturers as well as micro-enterprise distributors. In recent times Tradedepot Limited facilitated this product for the bank.

Tradedepot Limited is a technology-enabled company providing aggregation for manufacturers and small & micro businesses in the retail distribution space. This facility is a working capital
facility for the supply of made-in-Nigeria products to over 36,000 micro retailers managed through TradeDepot’s Shop Top-up Technology Platform.

Products Under MSME Distributorship


We Create Convenient and Valuable Opportunities for Businesses in Nigeria

  • We ensure that our loan terms are favourable and provided to ensure the greatest levels of success for our beneficiaries.
  • The bank provides extended repayment schedules to give businesses ample time to repay loans and minimise default.
  • All our loans and funds are sector-specific and tailored to the unique needs of micro-enterprises, SMEs and large enterprises.
  • We create direct opportunities as well as in partnership with other stakeholders for improved business performance, as businesses require more than financing to succeed.
  • The bank delivers special support and financing to disadvantaged and vulnerable sectors within the grassroots that are typically underserved but critical to economic prosperity.

Micro Business Products

Financing Disadvantaged and Vulnerable Sectors at the Grassroots


We leverage technology, strategic partnerships and intermediary channels to deliver tailored intervention and low-interest loan products to Nigeria’s micro-enterprises in the informal, semi-formal and formal sectors:


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.

What do I have to do to ensure that my project is eligible for financing?

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)
Where do I submit my loan application?

All loan applications are submitted at the various state offices closest to the customer. 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)

Does BOI have a loan threshold for MSMEs?

Micro-enterprises can apply for loans that are less than N10million.

What is the pricing on MSMEs loans?

Interest rates vary depending on the product. Please refer to the product guide on the website.


Micro Enterprise

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We believe that collaboration is necessary to achieve our goal of economic transformation goal, We want to Work with you to achieve a sustainable growth, lets begin your success journey.

Micro Business