Apply for FirstGem Loan up-to 500K to N3M / First Bank Loan Application

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

Leave a Reply

Your email address will not be published.