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

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.

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About First Bank of Nigeria PLC

First Bank of Nigeria, sometimes referred to as FirstBank, is a Nigerian multinational bank and financial services company headquartered in Lagos. It is the biggest bank in Nigeria by total deposits and gross earnings. It operates a network of over 750 business locations across Africa, the United Kingdom and representative offices in Abu Dhabi, Beijing and Johannesburg set up to capture trade-related business between geographies. The bank specialises in retail banking and has the largest retail client base in Nigeria. In 2015, The Asian Banker awarded FirstBank the Best Retail Ban... read more


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First Bank Single-Loan Digit Scheme


Aim and 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 Qualification

  • 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) 

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Application Deadline

January 1, 1970


How to Apply

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

For more details, click here


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