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.

Table of Contents

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)

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)

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)

How to Apply for FirstGem Funds Loan

Download the Retail Loan Application Form
Complete the form and with the accompanying documents, submit at the nearest FirstBank branch

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

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