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.

Loan Information

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%

12months for Working Capital and 24months for the Term Loan.
Yes, on provision of their 12-month business account statement from another bank and opening of a Gem Business account.
No. The eligible sectors are;
  • Food / Beverage Processing & Packaging
  • Confectionaries, Catering & Restaurants
  • Transportation –Logistics
  • Beauty/cosmetic products
  • Agric/Agro Allied retail / food value chain)
Download the loan application form and visit your branch or any of our branches nationwide to submit and initiate your loan.

See Also