Bayport Cash Loans

Bayport Cash Loans Are Affordable

Bayport cash loans give thousands of African people a daily alternative to loan sharks, who would otherwise be the only source of credit for “unbanked” Africans.  Bayport Financial Services is able to help these people with Bayport cash loans through our unique business approach and debt collection mechanism, giving thousands of civil servants and unionised workers access to responsible, unsecured and hassle-free credit.

Bayport forges partnerships with local trade unions and employers who act as our collecting arm, deducting monies owed to Bayport from clients’ wages and forwarding the consolidated debts to Bayport.  This has enabled us to keep close tabs on outstanding debts and reduce unrecoverable debts to the minimum, resulting in an excellent credit score and benefiting our clients in the competitive interest rates we can offer them.  Seeing that most microfinance institutions (MFIs) are not self-sufficient, this modus operandi, combined with the fact that we go to the commercial market for funding and run our business to return a profit, ensures Bayport’s long-term viability.

Over thirty percent of Bayport clients borrow money for education and at least 20 percent for home improvements.  The rest borrows money for other purposes, like meeting funeral expenses, investing in secondary businesses and consolidating pricier debt.  Clearly, most Bayport clients use the money to improve their daily lives and empower themselves and relatively few use the money to buy luxuries.  We try to counsel people in the wise use of loan money, but we do not discriminate – they can use it as they please.

Many have benefited from affordable Bayport cash loans.  Contact Bayport Financial Services today.