For Kevin Mugwe, the dream for university education was the typical case of being close yet too far. A soft-spoken social developer, Mr Mugwe joined Jomo Kenyatta University of Science and Technology (JKUAT) in 2012, but his aspirations of graduating crumbled midway his course.
“I quit my studies in second year first semester,” says Mr Mugwe. “I could hardly afford a meal. Worse off, fees became a problem then I said to hell with campus life.”
Young Mugwe took the road hardly travelled by his peers, becoming a matatu tout. With the little earnings he enrolled in an online professional course in computer science. “My dream had always been to make the society a better place through innovation and creativity,” he told BT in an interview.
And nothing could stop him from that goal. From a tout to sales person and then sales executive, the journey kept going.
Mr Mugwe’s encounter with technology led to establishment of Ozaid Company – a visa and education consulting company. He created Ozaid, slang for Australia aid, initially to process visas and placements for students seeking to study in Australia.
In just a year, Ozaid transited from a placement firm to human resource and real estate consulting and eventually to a fully fledged fintech (financial technology) enterprise. Finally, his passion for online business found a home. “We bring together finance and technology to solve financial problems through investment management,” he says.
Ozaid mainly invests in real estate development, binary options (forex in advance), forex and crypto-currency.
Clients have seven packages to choose from depending on your financial muscle. In the lower package, for instance, one can trade with a minimum of Ksh20,000 and a maximum of Ksh50,000 and attract a quarterly interest rate of 13% while in the upper package, an investor can trade with Ksh1 million and above at 24% interest rate.
Once the trading contract ends (usually a period of one year) the investor is given back his initially investment amount unless he/she decides to renew the contact.
“We study the markets and get profiles of the different companies we want to trade with, we then use that information to invest in the best instruments,” says Ms Jackline Mugo, Ozaid investment adviser.
According to Mr Mugwe, being a disciplined strategist and a keen learner who notes down anything that crosses his mind played a major role in building his business. “It is not the campus you join or the course you take how you navigate the tough corridors of life makes all the difference,” he says.