Nicodemus Gemba Matle, a teacher at Kinihhe Primary School in Qurus ward, Karatu district, first borrowed from Bayport in 2007 to finish building his family home. Believing that the only way to increase his income was to develop his dairy business, Nicodemus took a second Bayport loan in 2008 to purchase three more cows, bringing his dairy herd to six. Those six cows produced 30 litres of milk a day, selling at TZS800 per litre.
Nicodemus now has 15 cows. The success of his dairy business has helped him to put his four children through school.
In 2010, he borrowed again to finance the start of a small retail shop in his village, which is operated by his wife.
“I have succeeded through a Bayport loan to create a good life, and a business that will support me later on,” says Nicodemus.
The key to Bayport’s past success, and the foundation on which our future stands, is an instinctive, conviction-based, principled and entrepreneurial approach to everything we do. This approach is reflected in our mission, vision, values and the nine philosophies we call “The Bayport Way”.
Bayport Financial Services Tanzania is a subsidiary of Bayport Management Ltd (registration number 54787 C1/GBL) (“BML”) which is a Public Limited Company incorporated in the Republic of Mauritius under section 299 of the Mauritius Companies Act. BML’s Registered Office is situated at c/o Bellerive Corporate Management Services (Mauritius) Ltd, 3rd Floor, Ebene Skies, Rue De L’Institut, Ebene, Mauritius. BML is licensed and regulated by the Financial Services Commission of Mauritius.
Bayport House
3rd Floor, Al Dua Towers
Plot 3/12, Regent Estate
New Bagamoyo Road, Kinondoni
P.O. Box 71767
Dar es Salaam, Tanzania
Tel: +255 22 277 1420/1/2/3
Customer care: 0800 782 700
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