FirstGem Loan: If you are a woman and not happy with your daily job or do not want to do a job then you can start your own business.
You do not have to worry even if you do not have enough money to start a business. Because in this problem your FirstBank helps.
First Bank of Nigeria is offering MSMEs loans to women who want to start a business.
FirstGem Funds/Loan
The FirstGem Fund Scheme is FirstBank’s gender support single-digit loan for women in MSMEs, to enable them to meet their working capital and asset finance needs.
Loan Description
The FirstGem Fund Scheme is FirstBank’s gender support single-digit loan for women in MSMEs, to enable them to meet their working capital and asset finance needs.
Benifits of FirstGem Funds
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)
Facility Type
Working Capital – To purchase raw materials or stock in trade.
Time/Term Loan – To purchase assets (specialized assets may be financed on an exceptional basis)
Target Market
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)
How to Apply a FirstGem Funds
Download the Retail Loan Application Form
Complete the form and with the accompanying documents, submit it at the nearest FirstBank branch