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kunle·Business· Jun 29, 2026

From ₦500 to House, Car and University Fees: A Moin-Moin Success Story

From ₦500 to House, Car and University Fees: A Moin-Moin Success Story

Iya Ibeji Oni Moinmoin started her moin-moin venture in Ilorin with only ₦500. Over the years, she reinvested every profit and built a house, bought a car, and grew her team. She also sponsored all her children through university. In a recent BBC Yoruba interview, she shared the challenges she faced and how perseverance paid off. She challenged the notion that the poor should not receive help to launch and expand their businesses. Her journey shows how small capital and determination can transform lives and communities.

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