Kenyans give testimonies of businesses they started with Ksh 2 million and made profit of Ksh 50,000 and above monthly. Here are their stories.
Wanjiru
“I run a chemist in Eastleigh which I started with exactly Ksh 2 million. Before starting the business, I had done my homework well. I realized that in Eastleigh there are many stomach related cases. So I took a loan of Ksh 1.2 million from my Sacco and added Ksh 800,000 I had saved in CIC Money Market Fund.
The business took just 1 month to start generating profits. Now I make Ksh 70,000 to Ksh 200,000 per month. The good thing about this business is that I am the one who determines the prices of the products, hence the huge profits”
Benjamin
Mine is boda boda spare parts business which I started in Kisumu in 2021. My initial capital was Ksh 1.8 million. The first few months I was making Ksh 30,000 to Ksh 60,000 monthly but after I started repairing for my customers, the profit increased to a minimum of Ksh 60,000 per month. In a good month I can make Ksh 250,000.
The business is good especially if you sell genuine spare parts.
Mose
I operates Electrical and electronics shop in Nairobi where I sell things like bulbs, electronics spare parts, phone spare parts, phone covers, Bluetooth and chargers. The business is located at Luthuli Avenue and it costed me Ksh 2 million to start. These things look like small ones but the profit margin is big. I can buy a charger for Ksh 300 and sell the same for Ksh 1000.
In a bad month I make Ksh 80,000 but my profits mostly range between Ksh 100,000 and Ksh 150k monthly.
Miriam
I own 10 boda boda in Nairobi operating mainly in Eastlands. I spent Ksh 1800,000 on them. I have employed people to operate them and each of them generates Ksh 500 to Ksh 1000 per day as net profit. In a day, I collect Ksh 5,000 to Ksh 8000 from them after paying my workers and other expenses.
The only challenge is when a motorbike needs a major spare part but when things are good, the profits are high.
Jared
My business is about hotel. I own one in Eastlands Nairobi which I started with Ksh 1.7 million. In my area of operation there are many people who eat kwa vibanda. My hotel sells cheap meals and I get up to 800 customers per day. I have employed 6 workers and after expenses, I end up making over Ksh 50,000 monthly. During weekends and holidays,my income is higher—I can make up to Ksh 20,000 per day.
David
I run a PlayStation business in Nairobi. My capital was Ksh 2 million. Buying these machines and setting up was hard. However, my profits are decent. The main problem is that I have to install CCTV and hire security guards because thieves like to steal from PlayStation. During peak days especially holidays and weekends,I make average of Ksh 8,000 per day and during these other days, my profit range between Ksh 1,500 and Ksh 4,000.
Oliver
I sell purified bottled water, a business I started in Nakuru in 2022. My capital was Ksh 1.6 million. I have grown and now I supply water to many homes. My daily income is between Ksh 4,000 and Ksh 15,000. My challenge was to get licenses ,it was tough I can tell you. I spent over Ksh 400,000 to obtain the licenses.
Mogaka
I have a grocery shop in Embakasi ,niianza na kitu Ksh 300,000. I have expanded it and now it’s a big business. Nimeajiri watu sita. My monthly profit after paying my workers is Ksh 120,000 to Ksh 200,000. It’s one business that people underrate a lot lakini iko na pesa.
