Posted on January 31st, 2010 by Cobus
Bayport Zambia is the company’s oldest operations, having been established in 2002 to bring affordable credit to Zambians, particularly mineworkers in the Copper Belt. Therefore, our most important Zambian partner in establishing our business was the Mineworkers’ Union of Zambia.
This venture proved a big success and laid the foundation for Bayport Zambia to grow beyond the mining industry and into the civil service. Bayport Financial Services now serves customers in the private and public sectors, as well as Government employees. In fact, Bayport now has one of the largest financial services infrastructures in Zambia and we are in a position to serve Zambians with affordable credit on a large scale.
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Posted on January 31st, 2010 by Cobus
Bayport Uganda has only been operating since 2005, but rapid growth and widespread acceptance have made us a foremost credit provider in this country, with branches in eight cities. Bayport Financial Services aims to understand its client base by forging relationships with local industry, trade unions and stakeholders.
Bayport Uganda initially had to work hard in the Ugandan market, due to its uniquely decentralised civil service payroll system and a traditionally very tough credit market. Once we have overcome these obstacles, growth was rapid and Bayport Financial Services has experienced sustained growth, due in no small part with our favourable relationships with local communities.
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Posted on January 30th, 2010 by Cobus
Bayport Ghana commenced business in 2003, providing responsible unsecured credit to Ghanaians. Today, Bayport Financial Services is represented in 23 cities in Ghana and has become the foremost local credit provider.
Bayport Ghana realises that to both benefit the people with relevant product and make a sound business case for Bayport, we have to understand the needs of the local people. Therefore, we have forged ties with local industry, stakeholders and trade unions. Therefore, our Ghanaian partners include the Ghana National Association of Teachers and the Ghana Mineworkers’ Union and these ties have given us a sound understanding of Ghanaian customs and attitudes towards credit.
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Posted on January 30th, 2010 by Cobus
Bayport South Africa was established in 2004 and rapidly became a leading supplier of unsecured credit on the local market. Bayport Financial Services’ local operations include a multi-faceted distribution network with fixed branches and mobile units, to ensure that we can bring our financial products to all our clients, irrespective where in the country they live.
Bayport Financial Services’ remarkable growth is due to our unique way of doing business, which we call “The Bayport Way”. It holds that we should forge close relationships with local stakeholders, industry and trade unions and that our close understanding of our target market would ensure long-term success.
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Posted on January 30th, 2010 by Cobus
Bayport in Zambia was established in 2002 mainly to serve the mining sector around the Copper Belt and Bayport Financial Services work together closely with the Mineworkers’ Union of Zambia.
When the availability of credit to the mineworkers was met with resounding success, Bayport Financial Services branched out to the civil service and today, Bayport in Zambia proudly services a whole array of private sector and multinational employers as well as Government employees with fast, affordable and responsible credit. Few financial services infrastructures in Zambia is larger than Bayport’s. In Zambia, like elsewhere, it is our philosophy to intimately understand our target market and this has been responsible for our rapid growth.
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