Bayport Management Ltd
Introduction
Bayport offers financial services such as microloans to small businesses and low-income people. Swedfund's investment is aimed at supporting people and micro-enterprises that otherwise have no access to the formal financial system in Tanzania, Uganda and Mozambique, which are among the world's least developed countries.
Swedfund's investment contributes to providing low-income populations with access to microloans to finance basic needs such as education and housing. By assisting micro-enterprises with financing, the investment enables local economic growth and social development.
Swedfund qualified investment in Bayport Management for the 2X Challenge in 2024.
Read more in our press release: Swedfund promotes inclusive finance in Uganda and Tanzania
Facts
SDG in Focus
No Poverty
End poverty in all its forms everywhere.
Gender Equality
Achieve gender equality and empower all women and girls.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Reduced Inequalities
Reduce inequality within and among countries.
Sector
Financial inclusion & MSME financing
Swedfund’s investments in Financial Inclusion are made in regulated banks and microfinance institutions in order to increase access to debt capital for entrepreneurs, MSMEs and low-in come earners, or in local investment platforms, local companies or through so-called private equity funds to increase access to equity capital for MSMEs.
Value creation
Our Impact
Our investment contributes to increased access to essential products and services, as well as to jobs and other income-generating opportunities locally. The investment also contributes to women's economic empowerment by creating jobs for women, providing capital for women, and offering products and services that specifically benefit women and girls.
ESG
We are working closely with the company to implement an environmental and social management system and to pursue good practices in customer protection. We are also working closely with the company to strengthen its anti-corruption management system.
Additionalitet
Our investment is financially additional as we invest in countries and sectors where access to capital is limited, poverty rates are high, the business environment is challenging and as it is expected to contribute to mobilising capital. The investment is value additional through a strong focus on active value creation during the investment phase, prioritising the environment, sustainability, women's economic empowerment and capacity building.