Posted on February 21st, 2010 by Cobus
Bayport’s plan is to bring affordable, unsecured credit to Africa and so far, it has met with resounding success. Bayport Financial Services’ plan is called “The Bayport Way” and it is based on the unshakable belief that individuals will empower themselves with access to credit. We have committed ourselves to making credit easily but responsibly available to these people through a very large investment in a massive, multi-faceted distribution network.
Bayport’s plan is to do this through tailor-made financial products as well as significant investment in proprietary, purpose-developed IT systems, enabling Bayport Financial Services to validate data easily and promoting fast and accurate loan origination.
Filed under: South Africa | No Comments »
Posted on February 20th, 2010 by Cobus
The Bayport approach to business is unique and we call it “The Bayport Way”. The Bayport Way holds that individuals will empower themselves and grasp hold of their futures and potential when they have access to credit. Bayport Financial Services’ far-reaching and multi-faceted distribution network bears testimony to our efforts of reaching our clients where they are.
The Bayport approach also embraces logistical obstacles and at Bayport Financial Services, we understand that. Therefore, we have mobile units that travel far into the countryside to visit farmers and teachers and offer them our financial products. This approach has made Bayport a leading unsecured credit provider in South Africa, Ghana, Tanzania, Uganda and Zambia.
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Posted on February 19th, 2010 by Cobus
The Bayport business strategy has proven to be extraordinarily successful in Africa and differs considerably from that of other financial services companies. Africa is a difficult market to crack because it is a relatively immature financial market; this has meant that Bayport Financial Services has had to put in place extensive risk mitigation measures.
Bayport business has been successful in Africa and we are now active in Tanzania, South Africa, Ghana, Tanzania and Uganda. In many of these countries, we are the largest provider of unsecured credit. Bayport Financial Services endeavours to integrate our collection arm with our local stakeholders, thereby minimising bad debts and improving credit quality.
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Posted on February 18th, 2010 by Cobus
Bayport risk mitigation measures have proven very successful in Africa. The African financial market is relatively immature and a unique approach was called for, if its considerable potential were to be realised. Bayport Financial Services had realised this from the outset and our unique approach, called “The Bayport Way”, has resulted in success where other financial services companies have failed.
There are numerous Bayport risk mitigation measures and our collection arm is also our local partners, like employers and trade unions, who deduct owed monies from employees’ wages and forward it to Bayport, ensuring high credit quality and very low bad debts.
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Posted on February 17th, 2010 by Cobus
According to Bayport, Africa is a vast, untapped market that has been at a lack for a decent unsecured credit provider for far too long. Bayport Financial Services has been providing responsible, affordable, unsecured credit in Zambia, Ghana, Tanzania, Uganda and South Africa.
Bayport Africa seems to have struck a chord with local communities and was soon experiencing encouraging growth and significant success. Bayport Financial Services’ business approach, called “The Bayport Way” has seen financial products being designed to suit local communities, taking into account their attitudes towards credit. The Bayport Way also holds that people will empower themselves through access to credit, a belief that has been proven correct in practice.
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