University students always need a source of income to keep up with their increased demands. This is the reason why most students are opting to start businesses so that they could make extra cash.
Among such students is Sikulu (not his real name), a fourth-year Engineering student at Moi University who has started a business named MTK Electronics.
At MTK Electronics, bicycles are rented out to students and there is also a play station. University students definitely love fun activities such as bicycle riding and playing FIFA. This creates a huge market for Serem's business.
One bicycle is rented out for Sh50 per hour. A student who wants to hire a bicycle will have to leave his ID, laptop or any other valuable property for security reasons. He or she is then given a bicycle. The student will be required to pay Sh50 for every hour he spends with the bicycle.
On a good day Serem says he may rent up to 30 bicycles but on the average, it is only 15. Out of the rented bicycles, there those who exceed up to 3 hours. This guarantees him a good income.
He has been doing the business for 2 years now, and he began with only 10 bicycles. Right now Serem he has 22 bicycles showing a great improvement with an income of up to Sh50,000.
MTK Electronics also has a play station where students can play FIFA and hung out after a busy day.
Serem now plans to grow his business and open up several branches in the near future.
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