Call for Applications: First Bank 2022 Single-Loan Digit Scheme for Female Entrepreneurs
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.
Requirements and Qualifications for First Bank Single-Loan Digit Scheme
- 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)
Aim and Benefits of First Bank Single-Loan Digit Scheme
- 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
Interested and qualified? Go to First Bank of Nigeria PLC on www.firstbanknigeria.com to apply
For more details, click here
Join any of these WhatsApp Groups to receive more scholarships and other opportunities
For chats, help and support, Join our Telegram Community.
Deadline: Undisclosed
Start your Application
Before you apply, check these helpful resources;
Use the Official Link below to get more info, and click here to share.
-
Join us for More and Subscribe here for weekly newsletters.
Also Apply for the Following:
» Wema Bank/LLF Accelerator Program 2024 | N1 million up for grab
» Call for Applications:The African Union Civic Tech Fund 2.0
» CP Innovate Pitch and Grant 2024 | Up to $3,000 Grant
Othuke Veno
Metallurgical & Material Engineer, Content Creator, Federal University of Technology Akure. Join me on Twitter.
We will be happy to hear your thoughts
