The product is targeted at private school proprietors/proprietress. It offers access to convenient and flexible funding for the upgrading of school facilities and to meet funding gaps pending the receipt of school fees.

Features:
  • Flexible repayment plan over 90 days
  • Access to a maximum amount of N10m
  • Collateral requirement is just domiciliation of school fees with FirstBank
  • School must have been in account relationship with FirstBank for a minimum period of 6 months or 12 months with other banks.
  • Target markets are private schools duly registered with CAC and approved by State Government.
  • School population must be a minimum of 100 students.

Benefits:

  • Access to convenient means to finance your working capital needs