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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.
Are you a female MSME owner living in Lagos, Delta, Anambra, Kano or Osun?
The ELOY/FirstBank Business Shower is designed to equip, mentor, and support you with practical ways to grow your business.
The showers would hold across the following states in July 2023.
Delta state - 6 July 2023.
Anambra state - 8 July 2023.
Kano state - 13 July 2023
Osun state - 15 July 2023Don’t miss this opportunity
Loan Information
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.
- 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)
- 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)
- Download the Retail Loan Application Form
- Complete the form and with the accompanying documents, submit at the nearest FirstBank branch
FAQs
MSMEs in the following approved sectors:
- Food / Beverage processing & Packaging
- Confectionaries, Catering & Restaurants
- Transportation (Logistics)
- Beauty/cosmetic products
- Agric/Agro Allied (retail / food value chain)
All women owned and led MSMEs with at least 51% female ownership in the approved sectors.
Yes, eligible businesses must be registered with CAC.
Minimum of N500,000, maximum of N3M.
It is a single digit loan at 9%
- Food / Beverage Processing & Packaging
- Confectionaries, Catering & Restaurants
- Transportation –Logistics
- Beauty/cosmetic products
- Agric/Agro Allied retail / food value chain)