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- Kenyans shared mixed opinions on businesses that someone can start with KSh 80k
- Some agreed with the proposal to diversify investments into poultry, clothes, and sheep raring business
- Others suggested that diversifying the investment would stretch her too thin and she should focus on savings
Elijah Ntongai, a journalist at TUKO.co.ke, leverages more than three years of expertise in financial, business, and technology research, providing insights into both Kenyan and global economic trends.
Kenyans on social media have shared ideas on businesses that one can start with a capital of KSh 80k.
Source: Facebook
Keryne Naitutae asked members of a Facebook forum for business ideas for a friend who would get KSh 80k from a savings group, popularly known as ‘chama’.
Other details to know on business ideas
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Keryne Naitutae said that she gave her friend recommendations for engaging in the mitumba business, poultry, and sheep raring.
“A friend is catching 80k from chama, so she was asking of a biz to start, this is what i told her
10k she buys mtumba trousers and tops for ladies, azungushe au auze online
10k buy 30chicks (improved kienyeji), 1 sack of maize, 1 sack of ngano (wheat) or barley, 1 sack of chickmash, she already has a chicken coop
50k she buys sheep”
Other business ideas shared by Kenyans
Alyssa Keilar said: ·
Poultry farming anytime is a good idea.
Stecy Julio said:
The cost of sheep is more than the returns and maintaining them is a lot of work.
Wairimu Polly said.
Let her Buy sheep ya 10k 40k let her keep in savings. You don’t use up everything. Mtumba aangalie her location, what would do best.
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Nyaboke Veronicah Feiruz said:
She should put the money in a money market fund as she plans. That money is a lot and very little at the same time. She should be careful not to get confused.
Tim Kinda said:
Let her continue with beadworking coz that’s what she knows best. Beadwork can go well with jewelry and handbag business. She can even customize wrist watches, bangles, handbags, pouches, wallets, earrings etc. And on the side she can try chicken on small scale as she learns how to take care of the birds.
Nahumy Mwangangi said:
She will be spreading the risk too much. Let her start with one thing or two. She can start with poultry and mitumba. Does she have a market for the sheep or she will start searching later. I feel chicken have more money than sheep.
Christine Otieno said:
She will spread herself thin. Let her do only the business she understands well. All the best to her.
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In other related news, Kenyans shared skills learned on YouTube and are now leveraging to make money.
Netizens advised that without a lot of trials and constant practice, it becomes more difficult to acquire skills on YouTube.
Mauryn Wa MK said, “all of us should know that nothing comes easy. To learn online you should be dedicated to research on YouTube. 2024 refuse to be one of those people who are always asking, how please? Share More! Interested! You have been told it is YouTube, be dedicated as long as you have a hint.”
Source: TUKO.co.ke
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