First Bank Single-Loan Digit Scheme for Female Entrepreneurs 2022 – Call for Applications
Table of Contents
When is Application Deadline?
N/A
Tell Me About Award:
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.
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Which Fields are Eligible?
- Working Capital – To purchase raw materials or stock in trade.
- Time/Term Loan – To purchase assets (specialized assets may be financed on exceptional basis)
What Type of Scholarship is this?
Entrepreneurship
Who can apply?
Women Owned /Led MSMEs in the following sectors
- Food / Beverage processing & PackagingÂ
- Beauty and cosmetics
- Confectionaries, Catering & Restaurants
- Transportation (Logistics)
- Agric/Agro-Allied (retail value chain)Â
Which Countries are Eligible?
Nigeria
How Many Scholarships will be Given?
Numerous
What is the Benefit of Scholarship?
- 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)
How to Apply for Scholarship?
- Download the Retail Loan Application Form
- Complete the form and with the accompanying documents, submit at the nearest FirstBank branch
