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FirstGem Funds for Women in MSMEs| Get N500K to N3M Loan to Support Your Business

Have you heard about the 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.

Benefits of the FirstGem Loan

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)

RECOMMENDED– CBN Agricultural Credit Support Scheme (ACSS) Loan

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

SEE ALSO– How to Apply for FGN Special Intervention Fund Loan for MSMEs (boi.ng)

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)

YOU MAY ALSO LIKE– How To Apply For FMBN Housing Property Loan (Rent To Own)

All those that are interested in this loan, should follow the steps below to successfully apply

For full details visit the official website here

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We hope this article helped you successfully apply for FirstGem Loan.

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4 years ago

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