We have a question from one of our readers who want to know the list of businesses to start with Ksh 50k in Kenya.
“Hey Business This Day,I have saved Ksh 30,000 and I want to get Ksh 20,000 loan so as to start a business. My capital is Ksh 50k which I want to start a profitable business with in Kenya.I am ready to start the business anywhere in Kenya.I lost my job last year and I am unable to get another one. Your answer will be valuable”.
Answer
- Fresh fruits and juice parlor
- Selling mtumba clothes
- Wallpaper installation
- Cleaning services
- Ecommerce website
- Selling duvets and bedsheets
- Selling ladies shoes/ sneakers or inner wear
- Small fish eatery/ kibandasky
- Grocery stall
- Selling mandazi and chapati in your estate
- Set up kinyozi
The main challenge is to get an ideal location for the business and the required licences. Luckily, some of the businesses here do not require licenses.
Rent for 1 month will be Ksh 5,000 to Ksh 15,000. License per year will be Ksh 5,000 to Ksh 10,000. Ideally, you will remain with Ksh 30,000 for the stock. This money is enough to start even a well-stocked grocery stall which will yield over Ksh 1,000 daily.
The Ksh 50,000 will multiply and by the times 5 years are over, your capital will be over Ksh 500,000.
