₦500k Or ₦3M FirstCem Loan Scheme Application Portal

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.


  • 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)

Target Market

  • 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)

Eligible Business:

MSMEs in the following approved sectors can apply:

Food / Beverage processing & Packaging Confectionaries
2. Catering & Restaurants
3. Transportation (Logistics)
4. Beauty/cosmetic products
5. Agric/Agro Allied (retail / food value chain)

Customers eligible to access the FirstGem Fund?

  • a. All women owned and led MSMEs with at least 51% female ownership in the approved sectors.
  • b. Eligible businesses must be registered with CAC. Loan amount:
  • a. Minimum of N500,000, maximum of N3M with a single digit loan at 9%
  • b. The repayment period for the FirstGem loan is 12months for Working Capital and 24months for the Term Loan.
  • c. Customers of other banks can also apply on provision of their 12-month business account statement from another bank and opening of a Gem Business account.
  • d. Customer in FMCG or Fashion industry are not eligible to access the FirstGem fund How to apply:

 How to Apply