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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.


First Bank Single-Loan Digit Scheme

Application DeadlineNot Specified
Country to studyNigeria
TypeEntrepreneurs
SponsorFirst Bank of Nigeria PLC
GenderWomen
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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

For more details, click here


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