Bayport — Hub of Financial Services

The micro lending industry in South Africa is characterised by a huge demand for unsecured credit. One business house that has committed itself to providing credit and many other financial products is Bayport. Established in 2001 and incorporated in Mauritius as a holding company for a number of current and future subsidiaries, Bayport has positioned itself as a provider of unique and relevant financial services tailored to the needs of consumers in developing markets.

Bayport achieves its goal by providing customers with a chance at a better life.This is done by not only focusing on short term cash flow relief, but by helping customers along the road towards sustainable financial wellness. Products provided by Bayport include loans, transacting, savings and insurance. Loan products are divided into short term, medium term, long term and the Bayport micro group lending.

Short term loans are tailored for payment of unexpected bills such as medical bills, paying for a funeral, wedding or family event, pay off debt in form of debt consolidation and even financing farming and crop planting. A short term loan repayment plan offers manageable amounts that can be paid over a 1,3,6 or 9 month time period.

Medium term loans offers a large cash loan that gives you more time to pay back the loan. A short term loan is ideal for smaller amounts, but a medium term loan allows you to repay a bigger amount over 1 to 2 years.This type of loan can help you to pay school fees, purchase farming products, start or grow a business or even furnish your home. If you need to grow your business or make investments that will benefit your family, medium term loans is the way for you.

Bayport long term loan allows you to borrow maximum cash amounts that can be repaid over a 36 to 60 month period.This loan is suitable for investments such as buying a car, buying a house and other business investments. Long term loans offer opportunities that can enable positive development in peoples lives.

Micro group lending is for a group of members who must be between the age of 15 and 30.This group attends a training program to empower them with skills. After 6 weeks of training and graduation, group members can apply for loans.

Bayport can be contacted on 0112367300.