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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
Driving Sustainable Partnerships with FirstGem
FirstBank, through the FirstGem initiative, is steadfast in its commitment to empowering women throughout Nigeria. Through our partnership with Eloy Foundation, we have fostered extensive engagements with Women in Micro, Small & Medium Enterprises (WMSMEs) over 2 years. Our efforts have impacted over 1000 WMSMEs in Lagos, Port Harcourt, Abuja, Kano, Anambra, Kaduna, Delta, Osun, and Abia. Our partnership with Eloy Foundation is threefold.
- The Business Shower: This event is committed to supporting business owners in establishing sustainable enterprises. It provides entrepreneurial training led by seasoned businessmen and women, equipping participants with essential tools and knowledge to foster business growth.
- Sustainable Empowerment Program (SEP): This is a comprehensive three-month initiative, offering women entrepreneurs access to mentors, in-depth training, networking prospects, affordable finance options, business clinics, legal counsel, and more.
- Graduation Ceremony: A celebratory event marking the achievements and successes of our women trainees/entrepreneurs in the course of the year.
In the past 2 years, FirstBank has granted over 20 deserving business owners grants worth N5million. You can also become one of our beneficiaries. Gear up for the next level of empowerment!
Don’t miss this opportunity, you are a FirstGem.
Click here to discover more on the FirstBank/Eloy partnership.
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)
