Bayport Lending

Bayport Lending Has Empowered Thousands Of Africans

Bayport lending has been changing the lives of ordinary Africans since 2002.  Bayport Financial Services had noticed that conventional credit is virtually unattainable to “unbanked” unionised workers and civil servants and we set about addressing this need with tailored Bayport lending products, specifically designed for the African financial market.

Bayport occupies the niche between the traditional banks (where it is difficult to obtain credit) and the loan sharks (who may charge interest running into the hundreds of percent).  Different types of loans are offered to unbanked Africans in Tanzania, Uganda, Ghana, Zambia and South Africa.  The unions, industry and the employers that we forge ties with also act as our collecting arm, sending the consolidated monies owed by employees to Bayport and ensuring the continued high credit quality and low unrecoverable debts that we are known for.  This enables us to continue providing our services.

Out of necessity, Bayport finance is not as cheap as bank finance, but it is one of the only ways to help mitigate the inherent risks of lending in the relatively immature financial market that is Africa.  In any event, few rivals have the infrastructure and distribution network to challenge Bayport in the unsecured credit segment of the market, making us the only viable alternative to Africans seeking responsible, affordable credit.

Bayport Financial Services believes in every individual’s desire and ability to empower themselves through access to unsecured credit and we have evolved a business case that has made this possible, even in Africa.  Bayport lending continues to empower the people of Africa every day.  Contact us for more information on our company and products.