As entrepreneurs seek additional income streams, the POS business has emerged as a popular choice for many. Operating a POS business has become highly sought-after due to its ease of starting and managing. A great way to kick-start your POS venture is by becoming a Firstmonie agent. Firstmonie not only offers you the opportunity to provide banking services to your community but also provides access to quick loans for agents. Below are guidelines on how to become a Firstmonie agent and access their agent credit.
An Overview of Firstmonie Agent Banking
Firstmonie Agent Banking is a solution that allows customers in unbanked or underbanked areas to access and execute financial requests via registered agents and already existing businesses. This banking solution brings financial services to the doorstep of customers in rural areas. As a Firstmonie agent, First Bank tasks you with the duty of providing banking services to people around your neighbourhood.
Firstmonie Agent Banking is a groundbreaking solution that empowers customers in unbanked or underbanked areas to access financial services through registered agents and established businesses. This innovative banking solution brings banking services right to the doorstep of customers in rural areas, bridging the gap between formal financial services and underserved communities. As a Firstmonie agent, you play a crucial role in providing vital banking services to people in your neighborhood, promoting financial inclusion and empowerment.
How can I become a FirstMonie Agent?
Here are the simple instructions to follow if you are interested in becoming a FirstMonie Agent:
1. Go to the nearest First Bank branch office closest to you. Not that you must meet the stated eligibility requirements to qualify for it.
2. Next, request a Firstmonie agent form.
3. Lastly, complete the form and submit it. They will tell you what to do next after this.
Alternatively, you can register to become one of their agents online. Just follow this link, https://www.firstbanknigeria.com/personal/ways-to-bank/firstmonie/agent-banking/. When you onboard successfully, you will get a POS terminal for free.
Read Also: Access More App Review – How to Apply for A Loan Through the App
What are the eligibility requirements to become a Firstmonie agent?
To become one of the Firstmonie Agents you need to have:
- An existing business.
- A visible and easily accessible business location.
- A valid means of identification (National ID card, Drivers’ License, Voters’ card, International Passport)
- BVN.
- Business Registration documents (for people in corporate businesses).
- A recent utility bill. Must not be more than three (3) months old.
How can I apply For the Firstmonie Loan?
Apply for this loan easily via the Firstmonie mobile App by following these instructions:
1. Download the Firstmonie mobile app.
2. Next, click on “loans”
3. Borrow the amount you are eligible for.
What is the maximum and minimum amount of Firstmonie agent credit I can get?
Basically, the amount of loan you can take out is 25% of the average day-to-day credit turnover for a short duration of three months. This amount is subject to a maximum credit amount of N1 million while the minimum loan amount is N20,000.
How long can I be an agent before I apply for a loan?
You should have been an active Firstmobie Agent for a minimum of three months. This makes you qualified for the loan.
Recommended: Mkobo MFB Loans – Types & How to Apply in 3 Easy Steps
How can I contact Firstmonie?
Head Office Address: Samuel Asabia House, 35 Marina, P.O. Box 5216, Lagos, Nigeria.
Phone Number: +234 1 905 2326, +234 708 062 5000, +234 1 448 5500
Email Address: firstcontact@firstbanknigeria.com
Twitter Handle: @Fbn_help on Twitter
Website: www.firstbanknigeria.com
Bottom Line
FirstMonie Agent Banking is certainly a welcomed idea because it provides job opportunities to the Nigerian public. If you own a business and will like to make some extra cash, you should definitely try this out as a way to boost your income.
