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The Amount Of Money That You Need In Order To Start A Mpesa Business In Kenya.

If you want to make a lot of money in Kenya, you should forget about being employed and start a business. This is because you will get more money from a business while a job will give you peanuts. In Kenya, a number of youth turn into business after failing to secure a job. This is because there are minimal job opportunities in the country that require some bribing.

One of the easiest businesses to start in Kenya is a Mpesa shop. This is because millions of Kenyans transact using mobile money daily.

Before you decide to start a Mpesa shop, you should ensure that you have a good location. This is because you will make more profit in a highly crowded area. Once you are done with the location, you will have to decide on whether to be a Mpesa Agent or subagent. This will depend on how much money you have.

If you want to register as an agent, you must have a minimum of 3 outlets and must be ready to invest about Ksh 100,000 per outlet. This means that you will need a minimum of 300,000 Kenyan shillings to register as an agent.

As for the sub-agent, you will require about 30,000 Kenyan shillings for a start. If you consider the cost of registration, branding and minimum requirements, you will need about 400,000 Kenyan shillings to start a Mpesa business as an agent and Ksh 70,000 as a sub-agent.

Content created and supplied by: Analyser (via Opera News )

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