{"id":76034,"date":"2023-09-15T03:17:56","date_gmt":"2023-09-15T02:17:56","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=76034"},"modified":"2023-09-15T03:17:56","modified_gmt":"2023-09-15T02:17:56","slug":"firstbank-enhances-its-firstedu-loan-solution-improves-the-quality-of-education","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/firstbank-enhances-its-firstedu-loan-solution-improves-the-quality-of-education\/","title":{"rendered":"FirstBank Enhances It’s FirstEdu Loan solution, Improves The Quality Of Education"},"content":{"rendered":"

FirstBank has announced that its FirstEdu product designed to put schools at an advantage in the financing of capital projects such as the acquisition of new property, school expansion and reconstruction has been remodeled to a period of up to a maximum tenor of 48 months.<\/p>\n

\"\"Since its launch in 2018, the FirstEdu loan has promoted the continued improvement of schools whilst putting them at an advantage in meeting their mid and long-term goals. These goals include the expansion of the school through the acquisition of landed properties,\u00a0purchase of school bus,\u00a0modern educational facilities, tools and equipment to optimize the day-to-day operations of the school.\u00a0Renewable energy loan for schools has also been added to enable them control and reduce the high cost of fuel while powering their school facilities as well as minimize their environmental impacts.<\/p>\n

FirstEdu loan is targeted at private Nursery & Primary, Secondary and A-Levels schools. The product offers an opportunity for private school owners to access flexible funding to meet urgent cash flow needs, replace old furniture and equipment, as well as refurbish dilapidated buildings and classroom blocks. With this product, school owners or proprietors can stay ahead of the competition in providing educational services and support to the target population.<\/p>\n

To enjoy the loan offer, the interested school must have been in business for at least 24 months, maintained an account relationship with FirstBank for at least six months or any Bank registered with the CBN for a minimum period of 12 months.\u00a0The customer can access up to N20 million or more, depending on the cashflow capacity of the school.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

Expressing his delight at the impact of the product, The Group Executive e-Business and Retail Products, Mr Chuma Ezirim, said \u201cwe are happy with the positive response that our FirstEdu product is eliciting across the country. This is not only a demonstration of the great experience witnessed in the schools, but also the impact it has made across the value chain of the educational sector which contributes significantly to the socio-economic development of the country. Education is the bedrock of any society; and the future belongs to those who built this bedrock today. We remain committed to supporting the educational sector as part of our nation-building strategy\u2019\u2019 he concluded.<\/p>\n

Do you have a school and are keen on taking it to the next level?<\/i><\/p>\n

Visit the FirstBank website\u00a0https:\/\/www.firstbanknigeria.com\/personal\/loans\/more-financing-options\/firstedu-loan\/<\/a>\u00a0or the FirstBank branch nearest to you. We will be delighted to partner with you on taking your school to the next level.<\/p>\n

\n<\/p>","protected":false},"excerpt":{"rendered":"

FirstBank has announced that its FirstEdu product designed to put schools at an advantage in the financing of capital projects such as the acquisition of new property, school expansion and reconstruction has been remodeled to a period of up to a maximum tenor of 48 months.\u00a0<\/p>\n","protected":false},"author":6,"featured_media":24460,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[36],"coauthors":[2391],"class_list":["post-76034","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-cbn"],"yoast_head":"\nFirstBank Enhances It's FirstEdu Loan solution, Improves The Quality Of Education - National Wire<\/title>\n<meta name=\"description\" content=\"FirstBank has announced that its FirstEdu product designed to put schools at an advantage in the financing of capital\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/firstbank-enhances-its-firstedu-loan-solution-improves-the-quality-of-education\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FirstBank Enhances It's FirstEdu Loan solution, Improves The Quality Of Education - 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