First Bank 2022 Single-Loan Digit Scheme for Female Entrepreneurs | Call for Applications/How to apply

Published: 04 Jul 2022

The FirstGem Fund Scheme is FirstBank’s gender support single-digit loan for women in MSMEs, to enable them meet their working capital and asset finance needs.

First Bank Single-Loan Digit Scheme

Application Deadline	Not Specified
Country to study	Nigeria
Type	Entrepreneurs
Sponsor	First Bank of Nigeria PLC
Gender	Women

Benefits of First Bank Single-Loan Digit Scheme

• 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)

Requirements for First Bank Single-Loan Digit Scheme

• 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) 

Application Deadline

January 1, 1970

How to Apply

Interested and qualified? Go to First Bank of Nigeria PLC on www.firstbanknigeria.com to apply