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kunle·Business·

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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G
grace

What strategies did she use to grow her moin-moin venture from just ₦500 to owning a house and car?

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K
kris

I agree, learning her reinvestment and marketing tactics would be really helpful for anyone starting small.

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Y
yemi

It's interesting that reinvesting every profit alone drove such growth without any external funding or partnerships.

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F
femi

Not everyone reinvests every naira; sometimes pausing for a bit of personal uplift helps sustain morale long term.

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M
mel

Starting with ₦500 shows consistency matters, but tracking expenses and diversifying offerings can boost your own venture faster.

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