FirstgGem MSME Loan Fund Scheme Application Form

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

• Download the Retail Loan Application Form – CLICK HERE
• Complete the form and with the accompanying documents, submit at the nearest FirstBank branch