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| 👤 Eligibility: In Grants & Fundings for Entrepreneurs, Girls & Women (RSS) |
| 🕡 Deadline: Aug 05, 2022 (See all deadlines) |
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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.
Eligibility Criteria
- 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)
| SEE ALSO: Young Entrepreneurs Empowerment Program (YEEP) for Young Africans 2022 |
Benefits
- 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)
How to Apply
Go to First Bank of Nigeria PLC on www.firstbanknigeria.com to apply
Visit the OFFICIAL PAGE for further information. DROP COMMENTS for questions/suggestions.
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