Responsible Credit From Bayport

Bayport Financial Services is all about providing responsible credit in Africa, to Africans who had never had access to it.  Hand in hand with responsible credit goes responsible borrowing and to this end, Bayport counsels its clients in the ways of responsible borrowing, fully realising that we cannot dictate how people wish to use the money.  While we do not discriminate, we offer sound advice and we are proud of our client base’s responsible borrowing ethic.

In fact, most of our clients borrow money to pay for necessities like home improvements, education, agricultural activities and funeral expenses and very few borrow money to buy luxuries.  It is important for consumers to borrow responsibly and under the National Credit Act, credit providers are compelled to make sure that consumers do not become bogged down under an unmanageable debt burden.  That is what our counselling sessions with our clients are all about: explaining to them how their loans will influence their finances and their daily lives.  Africa is a relatively immature financial market that is unused to easily accessible unsecured credit, which puts an even bigger responsibility on us.

This is how we are able to extend our unsecured credit to “unbanked” Africans, saving them from the loan sharks that may charge hundreds of percent of interest per year.  Nor can these unbanked people gain access to formal loans from commercial banks.  This is where Bayport fits in, occupying the niche between the loan sharks and commercial banks.

Bayport Financial Services has become the last word in responsible credit in South Africa, Ghana, Tanzania, Uganda and Zambia.  Contact us today for more information on how we can help you.