Small Business Loan

Bayport Can Offer You A Small Business Loan

Many of Bayport Financial Services’ clients use loans to pursue economic opportunities and may apply for a small business loan to invest in businesses.  A small business loan is used to finance the activities of a small business, but it has traditionally been impossible for “unbanked” Africans to obtain one at a commercial bank.

Their only alternative is a loan shark, which may charge hundreds of percent of interest.  Many microfinance institutions (MFIs) are small, not self-sufficient and operate in restricted areas, serving rather few clients.  Bayport offers an alternative and makes responsible unsecured credit available to Africans in Ghana, South Africa, Tanzania, Uganda and Zambia.  Although small business loans are very popular, people borrow money for a variety of reasons, like paying for education, agricultural requirements, funeral expenses and home improvements.

We can do loan origination almost from anywhere.  Of course, we have 235 physical branches in five countries, but we also have many mobile units that travel far into the African countryside with their laptops, generators and printers to assist clients and do loan origination on the spot, “off the grid”.  Bayport forges partnerships with local stakeholders, employers and trade unions in all the markets where we are active.  These trade unions and employers also act as our collecting arm, deducting monies owed to Bayport from the wages of members or employees.

Whether you need a small business loan or cash for tuition, Bayport Financial Services can assist you with hassle-free, affordable and – most importantly – responsible credit.  For more information on how we can help you today, contact us.