Since our establishment in 2015, BSCD has been committed to promoting best practices in the microcredit sector. Today, our primary focus is on empowering marginalized groups such as women in Africa and Asia by supporting credit initiatives through the implementation of best in the market technologies.
Thanks to a regulatory framework that facilitates the conversion of mobile credit into cash, Africa has been a pioneer in the development of devolved banking and virtual bank accounts via mobile banking services. It is in Africa where these concepts have taken root and continue to evolve.
The partnership between BSCD and the technology partner, MovaPay, was a game-changer in our efforts to provide mobile-based credit solutions for the unbanked in Africa. This paved the way for a successful deployment of our innovative credit solutions.
BSCD's "M-Loans" are a lifeline for small business owners who have no other means of accessing credit. Here's how we make it happen:
We provide funding through partner institutions like banks and telecom companies, which is then disbursed via the MovaPay platform.
We maintain a sufficient reserve of funds to ensure the flow of loans.
We rely on MovaPay's efficient and reliable risk and creditworthiness assessment process to manage risk.
At BSCD, we take a unique approach to the Micro-finance Loans market by leveraging consumer data to determine creditworthiness for individuals who would not normally qualify for bank loans. Our Micro-finance service is designed to support low-income entrepreneurs and small business owners who lack collateral and operate in a variety of trades, such as retail, clothing, carpentry, fishing, and transport, primarily in developing countries.
Through Movapay's Unified Platform, our loans are disbursed on-demand via mobile phone or bank accounts, using automated algorithmic analysis to determine qualified individuals without human intervention. We disburse thousands of loans worth tens of thousands of dollars every day, ranging from a few dollars to hundreds of dollars. BSCD works with various mobile banking platform providers, usually network operators through which loans meet their beneficiaries.
In the case of BSCD, our microloans through mobile banking platforms range from USD 25 to USD 150 per loan with the option to increase loanable amount depending on how well borrowers repay. This innovative approach enables us to provide crucial financial support to those who need it most.
Here are some of the most common ways that our borrowers use their micro-loan funds:
Buying fuel to start their day as a taxi driver.
Purchasing goods such as fish to resell.
Buying seeds and farm implements to grow small-scale commercial foods.
Purchasing tools to start working.
At BSCD, we offer unsecured micro-loans without collateral, with a short repayment period. This approach has led to very low default rates, and enables us to reinvest the principal loan amount to other borrowers, ensuring a sustainable microcredit service and expanding lending opportunities for those in need. We are committed to providing responsible micro-finance services that promote financial inclusion and help individuals and communities to build a brighter future.
At BSCD, we believe that providing micro-loans for these types of purchases can make a significant difference in the lives and businesses of our borrowers. By supporting their small-scale commercial ventures, we can help them to become financially independent and support their families and communities.
At BSCD, we are proud to have nearly two-thirds of our micro-finance service beneficiaries be women. We understand the key role that women play in society and their unique ability to utilize profits from their economic activities to provide for their families' essential needs such as food, clothing, shelter, and education. By supporting women entrepreneurs, we not only help them become financially independent, but we also contribute to the overall economic growth and development of their communities.
Credit Insurance and Confirmation Services: BSCD provides innovative foreign credit insurance in partnership with institutions from Europe, Saudi Arabia, China, India and Canada. BSCD also assists in mediating and facilitating the trade of goods and services between two foreign entities that require credit guarantee and deferred payment.
Project Finance and Management: BSCD provides project finance services, including financing transactions, project reports, feasibility studies, and project finance engineering.
Expansion and Modernization: BSCD offers advice on business expansion and modernization, mergers and acquisitions, business diversification, foreign collaborations and joint ventures, and technological upgrades.
Source of Financing for its Associates: BSCD helps partners with financing through shares, bond securities, bank loans, and expertise in obtaining financing from national and international markets.
Stock Brokerage: BSCD acts as a stock broker, conducting stock research and buying and selling stocks on behalf of associates, advising on stocks to buy and sell.
Rehabilitation of Industrial Units in Distress: BSCD provides expertise to help relaunch industrial units in difficulty, negotiating with financial institutions for rehabilitation and execution of entrepreneurship.
Corporate Restructuring: BSCD provides expertise in mergers or acquisitions of existing business units, sale of existing business units and similar services for its associates.
Public Issue Management: Public issue management: BSCD provides guidance and management services to its associates and their companies regarding the timing, size, and price of public issues. This includes acting as a manager to the issue, accepting applications and allotting securities, appointing underwriters and brokers, and listing shares on the stock exchange.
Government Consent for Industrial Projects: BSCD assists its associates with obtaining government permission for starting projects, as well as expansion and modernization activities.
Special Assistance to Small Companies and Entrepreneurs: BSCD offers advice to small companies on business opportunities, government policies, incentives, and concessions available. It also helps them take advantage of available opportunities and concessions.
Money Market Operation: BSCD underwrites short-term money market instruments such as government bonds, certificates of deposit issued by banks and financial institutions, commercial paper issued by large corporate firms, and treasury bills issued by the government.
Portfolio Management: BSCD provides portfolio management services to its associates, helping them make sound investment decisions and ensuring their investments are safe, liquid, and profitable.
BSCSD is proud to collaborate with a diverse range of partners from various industries and regions to offer cutting-edge banking services. Our partners include leading financial institutions, reputable corporations, and innovative start-ups.
We work closely with our partners to provide tailored solutions that meet their unique needs and help them achieve their financial goals. Our team of experts combines local knowledge with global expertise to offer a comprehensive suite of banking services, from microfinance to investment banking.
