FirstBank of Nigeria Limited has supported educational institutions with loans worth N10 billion within the last one year
The support came thRough its FirstEdu product, an educational solution created to enhance the educational facilities in schools TO improve the quality of education across the country.
FirstEdu loan is targeted at private nursery, primary and secondary schools to assist the schools in achieving their desired growth in the medium and long-term.
The product provides funding to replace old furniture and equipment, pay salaries, purchase brand new or fairly-used buses as well as refurbish dilapidated buildings and classroom blocks.
With this product, school owners/proprietors can stay ahead to make learning easy and conducive for students.
The product enables the schools to access facilities with no tangible collateral, apart from domiciliation of school fees account with the bank.
On the other hand, FirstEdu portal is a modular and robust web-based enterprise portal that enables Tertiary educational institutions manage academic, administrative, professional, logistics and payment challenges.
The product features and benefits include; e-Learning, virtual library and facilitation of exchange programmes with foreign educational institutions; academic & student events/time-table/calendar management; school fees payment via the internet; online information and result checking; interactive community forum between students and teachers.
It also affords applicants the opportunity of enrolling from the comfort of their homes or any location around the world; no licensing, installation and maintenance cost and plugs avenues for revenue leakages amongst others.
Group Executive, e-Business & Retail Products, First Bank of Nigeria Limited, Chuma Ezirim, said: