About Bayport Zambia
Bayport Zambia is the largest micro-finance institution in Zambia. It is also one of eight subsidiaries and one affiliate in the Bayport group of companies that operates in seven African countries and two in Latin America. With a solid track record (we’ve been around since 2002) and close to 19 branches across the country, Zambians know they can rely on us for loans – big or small – insurance cover and savings accounts. We also provide a local money transfer service though our Kwachamover product.
Customer service is our competitive advantage. Quick turnaround times, convenience and staff who treat customers with respect and dignity are hallmarks of our business. We employ around 379 skilled Zambians. Development is high on our agenda and our staff receives continuous training in the various aspects of our business. We currently have more than 79,000 active customers, all employees of either the Zambian government or large and medium private sector organisations. Our customers take out loans for a variety of reasons. Funding for education or family emergencies rank high, followed by building projects, acquisition of assets, farming activities and setting up or expanding small businesses.
Bayport Zambia is registered as a non-bank deposit taking and micro finance institution. It is supervised and regulated by the Bank of Zambia, and governed by the Banking and Financial Services Act and the Microfinance Regulations. Bayport Financial Services Limited is owned by Bayport Management Limited (83.23 %), Bayport Financial Services Limited (12.77%) and Zambian citizens (4%).