Categories: Loans/Grants

FirstgGem MSME Loan Fund Scheme Application Form
FirstGem Funds - First Bank Gem Loan FundFirstGem Funds - First Bank Gem Loan Fund

FirstGem Funds - First Bank Gem Loan Fund

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.

Features

  • 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)

Facility Type

  • Working Capital – To purchase raw materials or stock in trade.
  • Time/Term Loan – To purchase assets (specialized assets may be financed on exceptional basis)

Market Type

  • Food / Beverage processing & Packaging
  • Beauty and cosmetics
  • Confectionaries, Catering & Restaurants
  • Transportation (Logistics)
  • Agric/Agro-Allied (retail value chain)

How to Apply for FirstGem Funds 2022/2023 – First Bank Gem Fund Loan
3 years ago
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