If you have Ksh 500,000 in Kenya, which is the best way to invest it or which business to do with the money. Here we are going to provide financial advice on how to invest the money and earn a decent income.
Best investments
Invest in Money market Fund
Money market Fund will give you interest of 7% to 18% per year. The Ksh500,000 will generate income of ksh50,000 to Ksh70,000 annually. You will never lose your money because MMF is safe.
Buy shares in a Sacco
Identify a stable Sacco and buy shares worth ksh500,000. The profit you will be making yearly ranges between Ksh 60,000 and Ksh100,000.
Invest in Cryptocurrency
Another good investment is Cryptocurrency. Here you just deposit money and withdraw profits regularly by selling your shares. The Ksh500,000 investment will generate more than Ksh100,000 yearly.
Best business to start with Ksh500,000
Farming
Ksh 500,000 is also ideal for farming. You can do dairy farming, chicken rearing or growing fruits and vegetables. Another idea is to buy small bulls, rear them for at least one year and sell at a profit. One small bull will cost Ksh15,000 and after 2 years you will sell the same for Ksh60,000.
Sheep farming will also be very profitable.
Mitumba bales business
Start the business of selling mitumba bales. With Ksh500,000, you can comfortably start the business.
Chemist
Start a chemist plus Mpesa shop in towns. The capital will be Ksh500,000.
Start restaurant business
You can also start a restaurant with Ksh 500,000 and make a profit of Ksh40,000 and above monthly.
Recruitment agency for gulf companies
Register a recruitment agency for gulf companies—Ksh500,000 is enough for the business. You will be making at least ksh100,000 monthly.
I think those ideas will help you make a decent living in Kenya.
Airbnb business
You should also set up Airbnb business. The capital of Ksh500,000 is enough to have 2 rooms with the size of 1-bedroom. You can also have 4 bedsitters. If each of them generates ksh 2,000 per day,you are assured of making more than ksh40,000 per month