Bayport Business Plan

The Bayport Business Plan Is Our Key To Success

The Bayport business plan is called “The Bayport Way” and encompasses the corporate thinking that has enabled us to achieve outstanding success in the provision of unsecured credit in the relatively immature African financial market.  The Bayport business plan and our unique approach have proven that it is possible to mitigate the risks of lending in Africa and provide a valuable credit provider service on the continent.

Bayport believes in the potential of every individual and that people are willing and able to improve themselves and reach ever higher through the availability of responsible unsecured credit.  Thousands of Africans have made use of our credit provider services to pursue economic opportunities, pay school fees or finance home improvements.  Bayport has given the Africans from South Africa, Tanzania, Ghana, Zambia and Uganda a viable alternative in the niche between the banks (where credit is often hard to secure) and the loan sharks (who often charge hundreds of percent in interest per year).

We are in the business of providing easily accessible, modest loans to “unbanked” people in Africa.  We had thought it unreasonable that so many thousands of unionised African workers and civil servants still lack access to conventional credit and we stepped in to provide this service.  We forge ties with local unions and industry, who also act as our collection arm.  This has led to an excellent credit quality and extremely low bad debt.

The Bayport business plan was some time in the making and we have had to negotiate many obstacles to achieve success in Africa.  However, Bayport Financial Services is here to stay and ensure that normal Africans have access to credit.  Contact us today.