The product is targeted at private school proprietors/proprietress. It offers access to convenient and flexible funding for the upgrading of school facilities and to meet funding gaps pending the receipt of school fees.
- Flexible repayment plan over 90 days
- Access to a maximum amount of N10m
- Collateral requirement is just domiciliation of school fees with FirstBank
- School must have been in account relationship with FirstBank for a minimum period of 6 months or 12 months with other banks.
- Target markets are private schools duly registered with CAC and approved by State Government.
- School population must be a minimum of 100 students.
- Access to convenient means to finance your working capital needs