Posted on February 26th, 2010 by Cobus
At the very top, the Bayport managers that spearhead Bayport Financial Services’ expansion into Africa are Justin Chola and Stuart Stone. They have made Bayport a leading financial services provider in Zambia, South Africa, Ghana, Tanzania and Uganda, running the business according to “The Bayport Way”, which holds that every individual is willing to empower themselves through access to credit. The Baypot Way also stipulates that Bayport should gain an intimate understanding of the clients it serves.
Bayport managers and employees do this by forging close partnerships with local industry, employers and trade unions, enabling Bayport Financial Services to design financial products that serve the people.
Filed under: South Africa | 1 Comment »
Posted on February 25th, 2010 by Cobus
The Bayport team is committed to bringing responsible, accessible, unsecured credit to Africa. Bayport Financial Services has been active on the continent since 2002, having designed a uniquely African business plan to serve our uniquely African clients in what is essentially a relatively immature financial market.
At the top, the Bayport team consists of Justin Chola (Director of Bayport Management Limited) and Stuart Stone (Chief Executive of the Bayport Group). Together, they bring with them a wealth of experience doing business in Africa, giving credit where credit is new. Thanks to their vision, Bayport Financial Services has experienced rapid growth since its inception.
Filed under: South Africa | No Comments »
Posted on February 23rd, 2010 by Cobus
“The Bayport Way” is what we call our company’s unique approach to lending in Africa. Africa is a relatively immature financial market, prompting Bayport Financial Services early on to design a completely new business model that would work on the continent.
The foundation of The Bayport Way is our unshakable belief in individuals’ ability and desire to empower themselves through the availability of responsible, unsecured credit. At the same time, we realise that the true champions of our brand are our local stakeholders, employers and trade unions, who afford us an intimate understanding of locals’ attitudes towards credit and local customs and habits.
Filed under: South Africa | No Comments »
Posted on February 22nd, 2010 by Cobus
The Bayport history is short but very successful. Our company was established in 2002 and we have experienced rapid growth in the intermediate years. Bayport Financial Services provides affordable, hassle-free, unsecured credit to Africans in Ghana, Zambia, Tanzania, South Africa and Uganda.
The Bayport history may be short, but the future looks rosy indeed. Our business model, called “The Bayport Way”, has been extraordinarily successful. It is rooted in the belief that individuals will empower themselves through access to credit and we have endeavoured to offer this service to “unbanked” Africans, who had previously not been eligible for bank loans and had only the loan sharks to turn to for (very expensive) credit.
Filed under: South Africa | No Comments »
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 »
