Joan Mukiri, a Nairobi-based businesswoman, has shared how she made Sh1 million in 2 years after cultivating a strict saving culture.
Mukiri, who runs a furniture business in Kahawa Sukari, revealed she made her first million in 2024 after two years of consistent saving.
She explained that the journey began in March 2022, while working at a furniture store in Lavington, earning a net salary of Sh30,000.
Every morning as she got out of her house to work, she had only one dream-to start her own business. As such, she developed a strict saving culture, dedicating 20 percent of her earnings to saving.
“I was following the 50:30:20 budgeting rule without failing. So every month I was saving Sh6,000 on the NCBA Goal Savings Account, which also helped me earn interest on my savings,” she explained.
As businesses continued to recover from the effects of the Covid 19 pandemic, Mukiri started earning commissions, which would sometimes go to upwards of Sh50,000.
She revealed that she never spent any cent from her commission but saved all plus the Sh6,000 from her salary. She kept on increasing her savings amount as the commission continued to grow.
Why NCBA NOW App is your key to financial freedom: How to open account
“I wanted to quit employment, that’s why I had to make the sacrifices. By the time I was quitting my job, I was saving Sh80,000,” she said.
Mukiri’s dream to start a business eventually became a reality in 2024 when the 28-year-old opened her furniture store in Kahawa Sukari, with the savings, which amounted to Sh1.3 million.
She encouraged other dreamers to make good use of bank accounts, which not only help in saving but also provide access to funding when short of funds.
Unlike traditionally when people had to visit physical branches to open a bank account, the latest technology has brought significant changes to the financial industry as customers can now get onboarded and start banking without visiting branches.
NCBA Bank is one of the financiers leading this transformation with its innovative products that ensure customers are onboarded seamlessly, without wasting time in the long bank queues.
Through its website and the NCBA NOW mobile app, customers can seamlessly open accounts and begin their banking journey immediately, from the comfort of their homes.
The platform offers real-time account monitoring and card management, service requests and customizable alerts, fund transfer options, bill payments, and instant mobile wallet transactions, providing a seamless banking experience for both NCBA customers and non-customers.
Digital account opening on the NCBA NOW App is convenient and secure. NCBA has included one-time passwords, device details capture, geo-location tags, encryption methods, and other security features to protect customers’ personal and financial information during the online account opening process.
How to open an account on the NCBA Now App
To get started, download and install the NCBA NOW App from Google Play Store or the App Store on your mobile device. Follow the following steps;
- Log in into the NCBA NOW App and click on Open an Account
- Fill in the required contact details and confirm your agreement to the terms and conditions
- Verify the OTP sent to your phone
- Proceed to capture your Kenyan national ID details
- Take a selfie to verify your identity
- Fill in the additional required information, source of funds and submit
- Check your phone for a successful registration confirmation message and enjoy the convenience of banking with NCBA
“Open an NCBA account anytime, anywhere on our award-winning NCBA NOW App, available on the iPhone App Store and Google Play Store,” NCBA states.
Customers can also open accounts via the NCBA website. All digitally opened accounts will default to the Go Banking current account.
Requirements include a Kenyan National ID and a Selfie image, all presented online via a smartphone.
