Emergency Loans
Bayport Offers Affordable Emergency Loans In Africa
People may need emergency loans for many reasons. Whether you have sustained damage to your home due to flooding or have a medical emergency, emergency loans are sometimes hard to come by, especially for “unbanked” Africans who cannot secure credit from commercial banks. Their only alternative is the loan sharks, who may charge several hundred percent of credit per year, often causing borrowers to become over-indebted and subject to questionable money collection regimes. Bayport Financial Services has been providing responsible unsecured credit to Africans for several years.
Bayport is active in Tanzania, Uganda, Ghana, Zambia and South Africa and our unique business model that has enabled us to survive and prosper in Africa is called “The Bayport Way”. It was not easy, building and scaling an unsecured credit model in the immature financial market that is Africa. This is what had kept so many competitors out of the African credit market. Bayport has embraced the challenges and learned from our mistakes and the reward has been encouraging market acceptance and success.
The Bayport Way holds that every individual has the will and ability to improve their lives and realise their potential through access to credit and we strive to make this credit easily available and affordable. We realise that our local partners are the true heroes of Bayport and that their local wisdom and understanding of the people are crucial to our success.
At Bayport Financial Services, we realise that emergencies do not keep office hours. Our emergency loans can put our clients back on their feet and afford them access to unsecured, affordable credit. Contact us today.