Explore the business to start with 100k in Kenya from retail stores and online ventures to food vending, agriculture, freelancing, and more.
Boda boda operators across Kenya, whether in towns or rural areas, collectively generate KSh 1 billion daily, with individual riders earning a minimum of KSh 1,000.
The mitumba trade thrives in Kenya due to the significant demand for second-hand clothing, presenting a lucrative opportunity for entrepreneurs.
Additionally, considering the widespread consumption of milk in households, a milk dispenser business stands out as a highly profitable venture.
Entrepreneurs can capitalize on emerging markets.
Discover ideas on a business to start with 100k in Kenya
1.Boda Boda
The boda boda sector offers over one million direct jobs to Kenyans nationwide.
A study by Car & General (C&G) revealed that boda boda operators generate KSh 1 billion in daily revenue, with each rider earning at least KSh 1,000 daily.
There are approximately 1.2 million riders in Kenya, nine out of ten being used for commercial purposes, creating over one million jobs.
Depending on the model, a motorbike costs between KSh 80,000 and KSh 150,000, or one can opt for a second-hand bike for less.
Also Read: Types of Kitchen Gardens for Your Home
2.M-Pesa Agency Shop
Safaricom’s M-Pesa services reported KSh 50 billion in gross profit in the year ended March 2022.
There are over 169,000 M-Pesa outlets across Kenya, with transactions increasing to KSh 3.8 trillion in the first half of 2022, up by 17.5% according to the Central Bank of Kenya (CBK).
The demand for M-Pesa shops is high, with the KSh 100,000 used for startup capital, renting a shop, and acquiring an M-Pesa agency line.
An M-Pesa agency earns KSh 30,000 to KSh 50,000 monthly on average.
Also Read: How to Divert Safaricom Calls and Never Miss an Important Call Again
3.Phone Repair Shop
With Kenya having 65.4 million SIM subscriptions, the demand for phone repair services is high.
One can learn repair skills or employ a technician, setting up the shop in a strategic location with many potential customers.
4.Mitumba Business
The mitumba business is lucrative in Kenya due to high demand for second-hand clothes.
Investing the first KSh 100,000 in stock and renting a shop/selling space can yield 100% profits.
Some entrepreneurs also make money by hawking mitumba.
5.Milk Dispenser Shop
Milk is a staple in households across Kenya.
A milk vending machine costs between KSh 75,000 and KSh 90,000.
Before starting, relevant licenses must be obtained.
A car wash machine costs between KSh 38,000 and KSh 67,000.
And with the demand for car wash services high due to the increasing number of motor vehicles and motorcycles, it can be a profitable venture.
6.Retail Business
Embarking on your entrepreneurial journey with a small retail store or kiosk is a practical option.
Utilizing Ksh 100,000, you can stock fast-moving consumer goods (FMCG), household items, or fresh produce.
Selecting a location with high foot traffic is essential to maximize sales potential.
7.Online Business
The digital landscape in Kenya is expanding rapidly, presenting lucrative opportunities for online ventures.
Investing in e-commerce, dropshipping, or affiliate marketing can be cost-effective.
Allocate part of your budget to establish a simple website, purchase domain names, or promote products on social media platforms.
8.Mobile Food Vendor
With the thriving food industry in Kenya, initiating a small food vending business can yield profits.
Whether through a food cart or truck, offering popular snacks, street food, or unique specialties can attract customers.
Obtaining necessary permits and upholding hygiene standards is crucial.
9.Agriculture and Farming
For those with agricultural interests, farming can be a fulfilling endeavor.
Starting with small-scale farming or poultry keeping, focusing on high-demand crops or livestock is advisable.
Your initial investment can cover seeds, tools, and basic infrastructure.
10.Freelancing and Consulting
Leverage your skills to provide freelancing or consulting services in areas like graphic design, content writing, digital marketing, or business consultancy.
The digital marketplace offers ample opportunities to earn income with minimal upfront costs.
11.Event Planning
Launching an event planning business is feasible for individuals with strong organizational skills.
Utilize Ksh 100,000 to acquire essential equipment and market your services.
Building a strong network and delivering memorable events can foster business growth.
12.Salon or Barbershop
The beauty and grooming industry consistently attract clientele.
Setting up a small salon or barbershop with quality equipment and excellent customer service can establish a loyal customer base.
13.Mini-Hardware Store
Opening a small hardware store catering to the community’s needs can be profitable.
Stocking essential tools, plumbing supplies, and construction materials can attract contractors and homeowners alike.
There are diverse and promising opportunities on a business to start with 100k in Kenya.
Success hinges on careful planning, market research, and a strong commitment to your chosen venture.
Your dedication, hard work, and adaptability to market conditions are crucial factors for long-term success.
Select a business idea aligned with your interests and skills, and take the first step toward realizing your entrepreneurial dreams in Kenya.
Your Ksh 100,000 can serve as the foundation for a thriving business that evolves and prospers in the years ahead.
