Bayport Financing

Bayport Financing Is Designed For Africa

Bayport financing daily empowers Africans to improve their lives and embrace their futures through their access to responsible unsecured credit.  Bayport Financial Services has been providing this service in Ghana, Zambia, South Africa, Tanzania and Uganda for several years now.  Bayport financing has – at last – given “unbanked” Africans in these countries a viable alternative to loan sharks.

The Bayport difference is that we provide unsecured credit to all the unbanked people who cannot get traditional credit from commercial banks.  These people’s only alternative had used to be loan sharks that may charge hundreds of percent of interest per year.  While Bayport credit is more expensive than bank credit, there is not that big a difference when the banks’ associated charges and conditions to lending are factored in.  One also has to keep in mind that lending in Africa involves greater risk, because it is still a rather immature financial market.  However, we have succeeded in mitigating these risks to such an extent that we are able to maintain an excellent credit record and very low unrecoverable debt levels.

Bayport financing is mostly used to pay for education and home improvements, although people also borrow money to pay for funeral proceedings, to invest in secondary businesses and to fund agriculture.  Our longer-term loans are normally used for the purchase of expensive items like homes and motor vehicles.

Bayport financing has been tailored to work in Africa and our local partnerships have enabled us to understand Africans’ attitudes towards credit.  This, in turn, has helped us design the right financial services products for them.  Contact us today.