The pan-African Group is the continent’s largest MFI through branch network, product diversification and Geographic spread.
Blue’s core customer base predominantly consists of the continent’s millions of gainfully employed but underbanked and underserved civil service workers. These employees are often only able to access rudimentary banking products, such as deposit accounts, and are largely excluded from mainstream financial services owing to insufficient collateral, lack of credit history or the relatively small loan size required.
Accessing mainstream financial services is further obstructed by historically poor bank, and information communication technology (ICT) infrastructure. Blue’s business model largely circumvents this through deductions at source – where the employer would deduct on behalf of the lender before remunerating the
employee. In countries where the banking infrastructure allows, a parallel business model collecting through debit orders is operational.
The Group’s exceptional growth over nearly a decade can be contributed to its comprehensive industry knowledge, refined credit scoring and collection methodologies supported by the ability to source significant
international development funding. This is enabled through continuous proprietary ICT improvement and a strategically placed distribution network.
Company Details
- Phone
- 27129904300
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- blue.co.za
- Keywords
- | LinkedIn.
Blue Financial Services Questions
Blue Financial Services's helpline number is 27129904300
Blue Financial Services's website is blue.co.za
Blue Financial Services's LinkedIn profile is https://za.linkedin.com/company/blue-financial-services
Blue Financial Services's industry is
Financial Services
Blue Financial Services's top competitors are
Futurewise Financial Services,
Mahlako Financial Services,
Blue Financial Services Ghana Ltd.,
Bayport Financial Services,
Optimum Financial Services Group,
Mybucks,
Borwa Financial Services,
Barko Financial Services,
Blue Financial,
Alchemy Financial Services Inc.
Blue Financial Services's categories are Financial Services
