Aston Lukoye
Every successful person has a story about how they got to where they are. Moses Muriithi is hardly an exception, and his journey to success began with a KES 15, 000 start-up capital.
Muriithi, the CEO of Fanaka Real Estate Company, was one of many students who relied on HELB loans to help them pay for their engineering studies at Kenyatta University.
However, given the rising cost of living, Mr Muriithi felt the loans were insufficient and wanted to find a means to boost his income. He found solace in data input and freelance writing work.
“I had no idea how to write, nor did I know where to begin.” “But I was determined,” he says, “so I used my money to acquire my first online writing account for KES15,000.”
Unfortunately for him, he was fooled, and the account vanished after barely a week. He instantly realized that the proprietors may have seized the account because he didn’t know how to reset passwords. “I had only performed one work, and I wasn’t even paid for it,” he adds, “but I didn’t leave.”
Mr Muriithi was forced to work under more professionals in the subject, which gave him the knowledge needed to acquire a new account. Wages varied according to season, but he could only make KES40,000 monthly.
By the time he graduated from the university, he had three accounts and five authors working for him, with one making at least KES140,000 each month. He had no intentions for a career after graduation.
“Many authors relied on me. By the time I graduated from high school, I was wondering, ‘How can I get a job?’ and I had already employed others. What happens to them? As a result, I employed more than ten managers and writers “He elaborates.
His money grew, and he eventually looked for land to buy on Kangundo Road, but the agent showed him a plot of land 11 kilometres away. He saw a gap in the market since no firm was giving prime or near-prime property.
“I was impressed by this, and I saw an opportunity.” I opted to take the chance, and so Fanaka was born. “I started the company immediately and intended to buy and sell nice land along Kangundo Road,” he says.
“There was a lot of research on the items, company, and market before Fanaka, as well as selecting which paths to pursue.” “We focused on one sector so we could swiftly gather knowledge, understand the technological know-how, and the mechanism from purchase to sale,” he explains.
Five years after its inception, the business employs 20 people and has completed several projects for clients located in Kangundo Road communities such as Kamulu, Joska, and Malaa. The company administers six projects totalling at least 50 acres in one year.
Moses Muriithi, CEO of Fanaka Real Estate, owes his success to study, perseverance, honesty, and staying inside his boundaries.
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