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Showing posts from February, 2023

Mpesa App and Mpesa Business. How Ngong Resident's can get the best from the App

Some of the items on mpesa interface  To do business on mpesa one needs to register the business on ecitizen and one will be able to have a business name that they choose, and if it is a sole proprietership or a partnership another thing that they need is a KRA Pin Certificate and they will be able to get a LIPA NA MPESA till number which they can be able to use to do business. Another imoprtant thing is having a bank account and one can be able to transfer lipa na mpesa monies to the bank account and even use a cheque book to get transactions going and all one needs is to do a business search with the bank which will cost approximately shs 1000 afterwhich they can deposit some money and have a cheque book and an account The good thing with a Lipa na Mpesa Till Number is it can get money from all types of mobile money including T Kash and Airtel Money. Mpesa started out simple where you would tap mpesa get options key in the number the amount input y...

Banking and finance and using cheques and mpesa for making payments for Ngong Residents

If you have a bank account and mpesa you can easily transact between your bank account and mpesa. This is even more interesting if you on salary where you do not have to go to the bank to withdraw your salary and can easily transact with mpesa at various outlets. Banking and MPESA I&M recently waived there bank to mpesa transaction fees. Transaction fees for Mpesa to Bank ACcount are usually not that expensive and one can be able to use the USSD to transcat from the mobile phone to the bank account any sum of money that they may have received from doing business during the day or for the accounting period. You can easily open a bank account if you have the relevant documents by visiting a bank and filling the forms On the mpesa app under paybill you can find the paybill of various banks and you definitely know you're account number and you can favorite that. Another way to transact is using the USSD.

Investing in bonds in Kenya and various types of bonds

*Basic notes on treasury bonds and bills* Investing in treasury bills and bonds is lending money to the government  *Treasury bonds* 1. Bonds are offered every month. See newspapers or cbk website 2. Their maturity is 2yrs and above 3. Bonds vary: fixed (10%/15% withholding tax) or infrastructure (tax free) 4. Minimum investment is 50,000 known as face value. Maximum is 20m for individuals per bond on offer. 5. Interest is paid to your bank account twice a year, until maturity of the bond e.g. if interest p.a. is 20,000...you get 10,000 every six months, paid directly to your bank on the due date, mostly a Monday 6. Good for capital preservation while earning passive income 7. It gives your money work to do 8. Think longterm. You could arrange it such that you receive payouts every month *Treasury bills/T-bills* 1. T-bills are issued on weekly basis, throughout the year. See cbk website and newspaper 2. Maturity ranges from 91, 182, 362 days 3. There is 15% withholding tax 4. Minim...

Some common Paybill and Till Numbers based for Ngong Businesses TKash

Paybill numbers Till Numbers Paybill numbers enable you to interact mostly with banks, insurance, in most cases where you are given an account number usually your bank account number or ID number for insurance. This is important in transferring money from mpesa to these financial entities. Pochi la biashara 07 07 07 07 BULBUL 8040184 Mama Vicky dressmaking  5330181 5413213 VET ZAMBIA NGONG Most businesses have a till number. This can enable you to book the product only to turn up and collect it or enjoy the services especially if you are in contact with the management. Most pay bill numbers are found on the application for example for banks and insurance. For SMES you will have to favorite the buy goods and services but there's the frequents.

Various types of income for people living in Ngong Area

Business income If you have a business you can easily get payments from your pay bill or till number. This business income can in turn be used to settle a lot of expenses that come with running a business. Some of the various businesses that people can invest in include smokie pasua, kibandaski, saloon and barbershop, matatu and so on. Farming income Farms need a lot of attention and the farm produce have a lot of markets that include smokie pasuaforeggs kibandaskis, hotels and restaurants, manufacturing companies and so on and it is important to keep farm records. Rental income There are a number of rental properties that are sprouting in NAirobi and this is an opportunity for rental income. Investment income Will talk a little about investment income and there are a number of investments that one can have and this include Money market Some of the companies that deal with money markets include Stocks There are a number of segments on the stock exchange Bonds Already talked...