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How to Apply for FirstGem Funds Single-digit loan for Women in MSMEs

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FirstGem Funds- 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.

Benefits of FirstGem Funds Loan for Women in Nigeria

  • 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)

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Facility Type

  • Working Capital – To purchase raw materials or stock in trade.
  • Time/Term Loan – To purchase assets (specialized assets may be financed on exceptional basis)

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Who Can Apply for FirstGem Funds?

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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How to Apply for FirstGem Funds Loan

or simply get full details here- www.firstbanknigeria.com/personal/loans/more-financing-options/firstgem-funds/

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