Search for Savings & Loans
5 Profitable Businesses You Can Run Using Lipa Pole Pole Deals
5 Profitable Businesses You Can Run Using Lipa Pole Pole Deals
See The Best Loans Available in Kenya Today
Credit Cards

5 Profitable Businesses You Can Run Using Lipa Pole Pole Deals

Money254 Partners Team
August 22, 2023

Lipa pole pole or lipa later services are gaining traction in Kenya as a means of convenient shopping. Beyond shopping, the Buy Now Pay Later service could be an opportunity to fund to your business and use the earnings to make monthly instalments. 

For example, the Absa Buy Now Lipa Later service for credit card customers allows you to make purchases of at least Ksh10,000 and repay in instalments of up to 12 months. 

Here are 5 business ideas you can run using the Absa BNPL service for credit card customers:

1. Home laundromat 

The laundry business is fairly profitable and straightforward - which makes it an ideal venture. Imagine a convenient home-based laundry service, where customers can simply call in, and their clothes are collected, cleaned, and then delivered back to them. This concept involves establishing a laundry enterprise within your own home, effectively minimizing expenses like permits and rent.

The key here is launching a robust marketing strategy, particularly online via a website and social media platforms, coupled with physical outreach efforts targeted at specific neighborhoods. Part of the capital needed, particularly the washing machine equipment, can be obtained through a lipa pole pole plan. Here are the full capital requirements: 

  • A washing machine equipped with a dryer (averaging around Ksh80,000)
  • An ironing machine priced at Ksh2,000
  • An ironing table costing approximately Ksh5,000

2. Printing shop 

One of our guest writers already explained how she was able to buy a printer using her Absa credit card, then converted the purchase into a Buy Now Pay Later. The business has seen her make up to Ksh70,000 in monthly profit.

3. Car wash equipment to start a car wash business  

Depending on the size and location of the business, a carwash can be quite capital intensive. The advantage, however, is that some of the equipment can be bought on a lipa pole pole plan and have the profits cater for the monthly repayment instalments.

Some of the equipment

  • A pressure washer machine
  • Vacuum cleaner

4. Barbershop/salon

Starting a barbershop or a salon presents a lucrative opportunity, especially when there is a readily available customer base.

Grooming has become an increasingly important activity for both men and women. The initial investment required for a modest barbershop is comparatively modest in contrast to other entrepreneurial endeavors.

The starting capital can vary depending on the location and the intended business ambience. However, the equipment needed for most barbershops and salons is standard and can be sourced through Buy Now Pay Later service.

5. A photography studio

There is a growing demand for quality photography services. From social events such as birthdays, pregnancy shoots, parties - and even corporate events - photography has become a resourceful source of income for many people.

Photography, however, can be a capital-intensive business. The starting cost for a professional camera is typically Ksh60,000 - and may be as high as hundreds of thousands.

The Buy Now Pay Later service, therefore, can be a resourceful source of capital when accessing some of the equipment to get the business up. The revenues can then be directed to to making instalments.

Also Read: Money254 Review: All About the Absa Buy Now Pay Later Service

No items found.

This Article is part of our Money254 Partner Series. Our partners may suggest topics they would like readers to know about but do not influence what/how we write about it. Money254 remains committed to providing objective information to our audience. For more on Money254’s editorial policy, read here.

Download the new Money254 App and don’t miss out on the next article.

Join 1.5M Kenyans using Money254 to find better loans, savings accounts, and money tips today.
Get it on Google Play

Learn more about Personal Loans available in Kenya on Money254

Money 254 is a new platform focused on helping you make more out of the money you have. We've created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts has tirelessly collected.

Instantly search loan products from established providers in Kenya and compare on the terms that matter most to you.
Find the best Personal Loans for me

Don't miss another article - download the new Money254 App Today

Get it on Google Play

Sign up for our newsletter and get weekly money tips to your inbox.

Get updates from the Money254 team on financial news and new Money254 features.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.