Loans Have Helped Me To Be Successful, Millionaire SamK Opens Up On Taking Ksh.88 M To Buy Apartment

Nairobi tycoon and a very successful business man who is really making millions of money through entrepreneurship, Sam K decided to open up how taking loans has really helped him to be successful in life. He took Ksh.88 Million loan to buy an apartment in Lavington area, he is now a landlord.

The apartment he bought has 105 units, and we all know that Lavington is a leafy suburb in Nairobi. Rent in this estate is always above ksh.70,000 per unit. Apart from being in real estate businesses, Sam K owns several business entities in the city.

He is among the top wholesalers of Samsung phones in Kenya, almost every mall in Nairobi has a Samsung shop that belongs to him. He is also into the entertainment industry, and he owns several clubs in Nairobi City.

Sam K said that loans have been really helpful in his success. He usually takes a huge loan from banks, and do the businesses he has planned for, later repay back the bank. He gains alot of profits.

He said that depending on your own money makes someone to be in a comfortable zone. If you are in a comfortable zone, then forget about growth. Business is all about growth, and taking manageable risks, loans can be very helpful in helping a business to grow.

Here is the link to the full video on YouTube ( watch from 35th minute).