Bayport Financial Service says it is now extending its loans to the informal sector after strictly serving the formal sector for the past 10 years. Managing Director of the company, Kofi Adu-Mensah told Adom News they have begun giving loans this year to persons and businesses in the informal sector in Accra, Kumasi, Sunyani, and Techiman, and would soon extend to other parts of the country. Bayport boasts of delivering loans to customers within 30 minutes after sorting out all the documental work for the loan. But the focus has been on salaried workers in the formal sector, including mainly members of the Ghana National Association of Teachers (GNAT), the police, the army and other salaried workers. The Bayport MD said “we realized the focus on the formal sector is not making our services benefit a wider group of Ghanaians so this year we have started giving loans to persons and businesses in the informal sector.” He said they would even consider giving loans to traders at the Kantamanto Market once the market is reconstructed and they are ready to move in.