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First Bank Single-Loan Digit Scheme for Female Entrepreneurs 2022 – Call for Applications 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. Which Fields are Eligible? Working Capital – To […]

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First Bank Single-Loan Digit Scheme for Female Entrepreneurs 2022 – Call for Applications

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.

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?

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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) 

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?

Visit Award Webpage for Details

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