Kenya is one of the fastest developing countries in Africa. It has a growing middle class, and foreign direct investment is on the rise. This means that there are plenty of opportunities for entrepreneurs to start businesses in Kenya with little or no money!
In this blog post, we will explore some ideas for what you can do if you have only 200k (Ksh).
Businesses to start with 200k
Start a mini supermarket
Kenya has an underdeveloped supermarket industry. It is, however, one of the most promising sectors in terms of growth and profit margins are high too.
You can start small with just 200k Kenyan shillings, and reinvest the profits into the business to scale it up to a giant supermarket.
Start a baby clothing store
Kenya is one of Africa’s fastest-growing economies with a GDP growth estimated at over six percent in 2018 (according to World Bank data). This means many Kenyans have a disposable income thus raising their spending power.
Baby items are one of fastest moving items partly because parents are often excited on receiving their bundle of joy and therefore go all out and splurge.
Start an online retail store
Over the years, Kenya’s internet and mobile penetration has risen steadily from 16% to 21% . This means it is becoming easier to find potential customers online.
You will first need an e-commerce website before you can start selling your products.Once this has been set up and your store is ready for launch, you will be able to sell anything from gadgets and clothes to furniture all at the click of a button.
Become a fashion designer
Kenya has a growing fashion industry with lots of opportunities for young designers.
With the rising popularity of Instagram, it is now easier than ever to showcase your designs and find customers in Kenya or other countries where you can sell online.
Start a cooking business
There are many Kenyans (especially bachelors) who want someone to cook for them.
If you enjoy cooking or if you’re just good at it, start your own catering business by preparing healthy meals that are tasty as well.
200k is enough to buy the necessary culinary equipment and cooking ingredients.
Start a bakery or coffee shop
Kenya is known for its love of tea and baked goods, so why not start a business that taps into this? Whether you make cakes or breads from scratch, there will always be demand for baked products.
Sell handcrafted goods
You can sell handcrafted goods in markets such as Masaai Market or online through Etsy.