First Bank Single-Loan Digit Scheme for Female Entrepreneurs 2022

๐Ÿ‘ค Eligibility: In Grants & Fundings for Entrepreneurs, Girls & Women (RSS)
๐Ÿ•ก Deadline: Aug 05, 2022 (See all deadlines)
๐Ÿ”” Set Reminder: Google Calender or iCAL
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The FirstGem Fund Scheme is FirstBankโ€™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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Eligibility Criteria

  • Working Capital โ€“ To purchase raw materials or stock in trade.
  • Time/Term Loan โ€“ 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:ย 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 โ€“ ย 9% p.a
  • Tenor 12 โ€“ 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.

โญ Apply Next: MEST Africa Challenge for Technology Startups 2022 (up to $50,000 in Funding)

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Othuke Veno

About the Author: Othuke Veno

Metallurgical & Material Engineer, Content Creator, Federal University of Technology Akure. Join me on Twitter.

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