Credit Partner

Bayport Financial Services Is Your Credit Partner For Life

A loan shark is not a good credit partner.  They will charge you hundreds of percent of interest and often leave you stripped bare and over-indebted.  Unfortunately, loan sharks are commonplace in Africa, where many “unbanked” people cannot obtain credit from commercial banks.  However, now there is another option – Bayport Financial Services, your credit partner for hassle-free, yet responsible, unsecured credit.

In fact, Bayport is all for partnerships.  Our business model, called “The Bayport Way” is designed around establishing partnerships with local stakeholders, employers and trade unions, offering our services to trade union members and the employees of businesses.  They also act as our collection arm, deducting monies owed to Bayport from employees’ wages and paying them to Bayport.  This is how we have managed to maintain such a high degree of credit quality and such low levels of bad debt.

Of course, it is critical that our clients are well informed at all times and since Africa is a relatively immature financial market, counselling forms an important part of our activities.  Prospective borrowers are counselled before a loan is approved.  We explain to them how the loan is structured and what impact it will have on their financial standing and day-to-day lives.  They have to be satisfied with the amount and repayment term too.  In this way, we avoid our clients becoming weighed down under an unmanageable debt burden.

Bayport Financial Services is your credit partner for life.  We will empower you to follow your dreams and pursue economic opportunities by providing you with affordable, responsible unsecured credit.  For more information, contact us today.