23 C
Kenya
Sunday, July 5, 2020

How we started with Sh. 200,000 and made Sh. 12 million in two years

Must Read

Roselyne Njoki: What I learnt after using a loan to start my business

Financing a Business: Roselyne Njoki Nthiga is the founder and CEO of Angie’s Tea, an exporter and local distributor...

Robert Ochieng: Why I save through unit trust money market account

Robert Ochieng is an IT Professional, a Financial Markets analyst, and the community leader of the Young Nairobi Stock...

Nancy Amunga: A loan to buy furniture is good for your ego, bad for your pocket

Nancy Amunga is the founder and director of Dana Communications Limited, a communications and transport company, which majors mainly...

Mr Okal says banks and Saccos are the ideal partners “since with their mortgage products they can partner with us since we already have a name and available, clean land up for resale” “Land is a very sensitive issue and getting a customer to part with his/her money in exchange for a parcel of land requires serious convincing. The irony is that  if you advertise, the potential clients become even more suspicious of your investment,” he says. Still they have done well. By  July  this year, their client portfolio had grown from the initial two to 1,006.

Must Read: The Most Profitable Businesses To Start in Kenya

“If all goes well — and we are very optimistic that it will— by 2030 we want to be among the movers and shakers in real estate, with every member owning a home and other investments,” he says.

“Our core business now is to acquire more chunks of low-priced land, add value to them and dispose of them to through hire purchase. Our model targets low- and middle-income earners where, for a commitment deposit, we l avail land to them and they can settle the difference in instalments.” he says.

The following feature was first published in the Daily Nation.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

173,258FansLike
11,005FollowersFollow
140FollowersFollow
263SubscribersSubscribe
WhatsApp
Telegram

Latest News

Consumers Facing Financial Uncertainty Under Covid-19, New Report Shows

Consumers shrinking wallets have sparked drastic shifts in spending, purchasing habits, and routines as they try to cope with...

Emily Kamunde: I put Sh. 700,000 borrowed money in a pyramid scheme

Pyramid Scheme Kenya: Emily Kamunde-Osoro is the director at Rise & Learn, a human resource and leadership consulting firm. Biggest money mistake: 13 years ago,...

Businessman who moved over Sh. 1.3 billion in his M-Pesa shops

Can you imagine an M-Pesa business line that moves billions of money every year? Well, this is not fiction, but the true story of...

More Articles Like This

- Advertisement -