Link to Register/Apply for ISIPA BOI N5M Loan- Apply Now
Are you in need of ISIPA BOI N5M Loan? Do you wish to register/apply for ISIPA BOI N5M Loan? Then welcome to this page, see the guidelines you need to apply for the Imo State Investment Promotion Agency (ISIPA) Bank of Industry N5M loan and more information are on this page.
Imo State Investment Promotion Agency (ISIPA) was established by law in 2010 to facilitate, coordinate, grow and monitor all investments in the state economy with special focus on making the economy private sector driven.
The investment promotion effort of the agency are geared towards proactively marketing Imo State, internationally, regionally and locally as an attractive investment “heartland” that offers an array of investment opportunities, therefore attracting the right type of investors that will positively contribute to the long term development of Imo State.
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ISIPA, in collaboration with BOI, is providing loans to 30 micro-industrialists interested in accessing loan facilities of up to ₦5 million for machine acquisition.
Requisite Requirements/Eligibility for ISIPA BOI Loan Application 2025
There are mandatory requirements applicants must possess to be eligible for ISIPA BOI Loan of N5M which are as follows:
- Applicants must have an existing enterprise registered with the CAC (not a limited liability company).
- Must not have outstanding bad loans with any financial institution.
- Business must be located within Owerri Capital Territory, Ikeduru, Njaba, Nkwere, and neighboring towns around Owerri.
- Bank Verification Number (BVN).
- Digital National Identification Number (NIN).
- Passport photographs.
- Business plan.
- One-year bank statement.
- One guarantor (either a business owner with a CAC-registered enterprise or a civil servant of at least Grade Level 10).
List of Industries Eligible for ISIPA BOI Loan Application
Only the following industries will be considered for the ISIPA BOI Loan.
- Agro-processing.
- Fashion and garment production.
- Printing services.
- Nylon production.
- Bakeries and pastry production.
- Aluminium installation.
- Manufacturing.
- Welding and fabrication (tanks, gates, doors, etc.).
- Value addition in food processing.
- Automobile workshops and furniture making.
- Livestock farming.
- Water and plastic production.
How to Apply for ISIPA BOI N5M Loan
All interested and eligible applicants MUST complete an online application form through this link: https://forms.gle/Ay2hNea9Q7Qe6xTw8
Take Note:
Applicants must be located within Owerri Capital Territory, Ikeduru, Njaba, Nkwere, Ngo Okpala, and neighbouring towns around Owerri.
