APPLY: First Bank Single-Loan Digit Scheme For Female Entrepreneurs 2022

FirstBank offers women in MSMEs a single-digit loan with gender support called the FirstGem Fund Scheme to help them with working capital and asset financing needs.

Eligibility Criteria

• Working Capital – To purchase raw materials or stock in trade.
• Time/Term Loan – To purchase assets (specialized assets may be financed on exceptional basis)
• Women Owned /Led MSMEs in the following sectors
• Food / Beverage processing & Packaging
• Beauty and cosmetics
• Confectionaries, Catering & Restaurants
• Transportation (Logistics)
• Agric/Agro-Allied (retail value chain)

Benefits

• Min amount of N500, 0000 and Maximum of N3,000,000 (based on eligibility)
• Interest Rate –  9% p.a
• Tenor 12 – 24 months based on facility type
• Management fee: 0.5% flat (one off)
• Keyman Insurance: 0.5% (one-off)

How To Apply

Go to First Bank of Nigeria PLC on www.firstbanknigeria.com to apply

Apply Here