5 Best Business Ideas for Chamas in Kenya
Welcome to our blog on investment opportunities for Chamas in Kenya! Setting goals is key when it comes to joining investment groups or Chamas, as people join with a purpose to save and invest. In this blog, we will explore some of the most lucrative areas where a Chama can tap into and invest.
First, let's talk about Real Estate. Kenya has seen an increase in population over the years, leading to a demand for housing in growing towns and a rise in residential property values. This trend is expected to continue, making real estate a profitable venture for all-time. Chamas can decide to buy large chunks of land, divide them into smaller portions, and sell after a year or less. Returns can be as high as 100% or even higher within a few years. These portions of land can be sold as undeveloped or developed, depending on the resources at hand and the target market. Although there is talk of the market being saturated, there is still plenty of demand for housing for low and middle-income segments of the population.
Next, let's talk about Peer-to-Peer Car Sharing. Listing your personal car on a car sharing platform like Ride is the next frontier in the car sharing/rental business. Ride is a platform that presents you with pre-vetted car renters near you. They allow you to set your own price, buy instant protection plans to cover your car in case of physical damage, and give you full control of your car's availability. You can also earn extra money by referring friends to join the platform as a freelance salesperson/broker.Another popular investment opportunity is Bike Sharing. If you own a mountain bike, you can earn money by sharing it with your friends and neighbors through Ride. They provide coverage for your bike.
Another great investment opportunity is the Stock Market. Chamas can invest their money in the Nairobi Securities Exchange (NSE) through licensed stockbrokers and investment banks. A share or stock is a financial instrument where one acquires ownership of a portion of a public limited company, and owning one of these shares gives you rights as a shareholder such as dividends.
Tourism is also a great investment opportunity in Kenya, as it is one of the top tourist destinations in Africa. Some of the opportunities that a Chama can explore in this sector include tourist hotels, game lodges, tourism and hospitality training, tourist vans, amusement parks, restaurants, casinos, and clubs.
In conclusion, there are numerous investment opportunities for Chamas in Kenya. It is important to decide on the best area of investment that all members will be comfortable with, and to actively involve everyone in the decision-making process. Remember to use google tag manager to track your investment performance and see which one is working best for your chama.


