Bayport Services

Bayport Services Cover A Wide Financial Base

When Bayport Financial Services had started out in 2002 in Zambia, our main aim was to successfully establish an unsecured credit provider business model in Africa.  Our success hinged on our ability to understand the relatively immature African market and Africans’ attitudes toward credit, while mitigating the associated risks.  We were successful and our business plan has met with universal acceptance, so we started to improve our range of Bayport services to include more financial empowerment alternatives to our clients.  Today, Bayport services cover a wide base.

We offer medium-term loans (twelve to 24 months), which people use to finance expenses that they do not have the capital for, like putting a new roof on the house or paying annual, recurring expenses, like education (school fees) or agriculture.  Farming and business loans fall in this category, enabling the client to make use of passing opportunities.  Also included in this class are the 24-month mobile telephone contracts with airtime that we offer.

Long-term loans typically run over 36 to 60 months and are meant for clients who require more capital than can be obtained from the typical medium-term loan.  Large expenses like vehicle and house purchases, home improvements and larger business loans fall in this category.  These loans are especially useful for businesses, because the more capital a business can borrow, the more meaningful it can conduct its business and pursue economic opportunities.

In addition to these loans, Bayport services also include salary advances, insurance and consumer finance for the purchase of household appliances, motorbikes, bicycles and building equipment.  Contact Bayport Financial Services for more information.