Posted on February 28th, 2010 by Cobus
Bayport Financial Services Ghana has been conducting business since 2003. Bayport is a financial services provider that provides unsecured credit in several African countries; in Ghana, we have branches in 23 cities and we have become the largest credit provider in this country.
From the outset, Bayport Financial Services Ghana realised that we would have to gain an intimate understanding of the local people if we were to design financial products that suit their needs. Our local partnerships with trade unions and employers have given us that insight; partners like the Ghana Mineworkers’ Union and the Ghana National Association of Teachers.
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Posted on February 26th, 2010 by Cobus
Bayport Financial Services Uganda is still relatively young, having opened its doors in 2005, but it has experienced encouraging growth and widespread acceptance, quickly becoming a major unsecured credit provider in the country. Today, there are Bayport branches in eight Ugandan cities.
Bayport Financial Services Uganda seeks to understand its clients by establishing partnerships with local trade unions and employers. Uganda was a tough nut to crack, because of its uniquely decentralised civil service payroll system and competitive credit market. Bayport overcame all the obstacles and started prospering, thanks in no small measure to the valuable relationships with local communities.
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Posted on February 25th, 2010 by Cobus
Bayport Financial Services Zambia was established in 2002, making it the oldest of all the Bayport operations in Africa. We have brought affordable, responsible, unsecured credit to Zambians, especially the mineworkers in the Copper Belt.
As such, Bayport Financial Services Zambia’s most important strategic local partner was the Mineworkers’ Union of Zambia. In the meantime, Bayport has expanded into the civil service, as well as the private and public sectors, while also serving many Government employees. Bayport Zambia today has one of the largest financial services infrastructures in the country and we are serving a multitude of Zambians with affordable credit.
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Posted on February 24th, 2010 by Cobus
A Bayport partner is more than a partner – it is the core strength of our brand. Bayport Financial Services is dependent on the valuable local partnerships that we forge in every country where we conduct business; partnerships with local employers, trade unions and stakeholders.
Every Bayport partner plays their role in the Bayport Financial Services puzzle. They bring us closer to the people and to understanding their needs. They also act as our collecting arm, deducting due debts from employees’ wages and forwarding them to Bayport. This has ensured that we have a very low bad debt percentage and excellent credit quality.
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Posted on February 23rd, 2010 by Cobus
Every Bayport partnership is crucial to our continued success. Bayport Financial Services forges strategic partnerships with local stakeholders, employers, government institutions and trade unions in every country where we are active. These partnerships connect us with the people and enable us to understand their needs.
A Bayport partnership is also part of our collecting arm, each of them forwarding outstanding debts to us, deducting it from employees’ wages. This is partly why our bad debts are so low and our credit quality so good. It also means that Bayport Financial Services can survive and prosper, continuing to bring our financial services to the African people.
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