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

First Bank Single-Loan Digit Scheme For Female Entrepreneurs 2022

First Bank Single-Loan Digit Scheme For Female Entrepreneurs 2022

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

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