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Review of FirstGem: FirstBank Business Women Empowerment Scheme

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Review of FirstGem
Photo Source: FirstGem Empowerment Blog

In a World where men dominates it seems banks are now looking at women. It seems lots of persons(men and women alike) can now understand and appreciate the potential of women in the business world. Men reading this article should inform their wives about the FirstGem from FirstBank. Now lets see the review of FirstGem from the FirstBank of Nigeria.

What you should know about FirstGem, this is a review of FirstGem. FirstGem is a business women empowerment scheme by FirstBank to help business women grow their business. This program also allows women to get loans for investment purposes.

According to FirstBank, they recognize the importance of women in driving socio-economic growth. That is why FirstBank created FirstGem to empower women to achieve all their business goals.

Read Also: Access Bank W Power Loan: Empowering Business Women Nationwide

FirstGem is an account designed specifically to meet your needs as a woman – our way of supporting your dreams all the way! With FirstGem, you can get low-cost loans for your business, secure funding for an investment opportunity, or undertake new exciting projects that really matter to you.

To use FirstGem you have to create a FirstGem account. It is like regular bank account with the option of Savings or Current.

REVIEW OF FIRSTGEM: REQUIREMENTS TO OPEN A FIRSTGEM ACCOUNTS
1. FirstGem Savings Account
  • Minimum opening/operating balance of N1,000.
  • Customised debit card.
  • Flexible means of identification, Utility bill and 2 passport photographs required to open account.
  • FirstOnline – internet banking access/availability.
  • Maximum single deposit of N100,000 at a time
  • Maximum cumulative balance at any time is N500,000; in the event the cumulative balance exceeds N500,000, account holders will be engaged to migrate to the generic savings account variant with full KYC requirements.

Read Also: All You Should Know About The Firstbank Automobile Loan

2. FirstGem Generic Savings Account
  • Minimum Opening Balance – N2,000.00
  • Minimum Operating Balance – N1,000.00
    Over the counter inter-sol transactions allowed.
  • Customized debit card.
  • Default savings interest rate.
  • Internet Banking/FirstOnline available
3. FirstGem Current Account
  • Minimum opening/operating balance of N10, 000.
  • Customized debit card.
  • FirstOnline – internet banking access/availability.
  • Account Maintenance Charge is capped at N0.90/mille per month.
  • Two (2) satisfactory references.
  • Utility bill of applicant.
  • Verifiable means of identification.
  • Other requirements for opening current account (Individual & Corporates) apply.
REVIEW OF FIRSTGEM: WHO CAN APPLY FOR FIRSTGEM

FirstGem is designed with business women specifically in mind. So the only set of genders that can apply for this FirstBank empowerment are the female folks. Just to be clear and for emphasis only business women can apply.

Read Also: How To Activate Your FirstBank Internet Banking Within Minutes

The funds these women receive can be use by them to grow their business, for investment or undertake a new project of their choice. If you are a man reading this you can let your wife in on this to enjoy this service from FirstBank.

Basically the above are the details about FirstGem from FirstBank of Nigeria. We hope this review of FirstGem will help you in getting extra funds for you business. Steps to creating a FirstGem account will be available in our website soon. You can now grow your business using the FirstGem from FirstBank of Nigeria.

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