 Welcome back to why in the morning and if it's Tuesday is entrepreneurship Tuesday. The hashtag to use is hashtag Entrepreneurship entrepreneurship Tuesday at Y244 channel is where you can find us across all our social media handles at Michelle Ashira is where you can find me across all my social in this particular session I dive into an interview that looks at several ways to gain passive incomes and in studio I'm joined with Shiko Awero. She's the founder of Lima Vest Demy Ted. Thank you for having me Michelle. You look fabulous. Thank you. Welcome to why in the morning and for the some for the couple of people have met you right already online, right? Yes. So someone is meeting you for the first time apart from your title as the founder of Lima Vest so who is Shiko Awero? Shiko Awero is a wife, she's a mother, a sister and I'm just living life. Alright, exploring life. So tell us more about what you do when it comes to Lima Vest. Okay, with Lima Vest we deal with real estate and agribusiness where we empower our client financially by providing investment opportunities. Yeah, that is like we have few projects like the pineapple farming. Yeah, so with that you buy an acre of land which now which was 360 and now it's 380 per acre that comes planted. 360K? Yeah, 380. 380? Yeah, 380. Comes planted with pineapple. As Lima Vest we plant, manage and get the market for you. Alright, let me get this. So I'm buying a land of 380K. Yes, per acre. Per acre, that's already planted. No, of course it's once you're clear, paying, then we plant for you and we manage the farm for you and get to the market. Alright, that's one of ways to actually gain a passive income. Yes. Alright, so what else do you guys do? Yeah, so we had a few other projects that's right now we are not doing them now. We had beekeeping, we had goat keeping and now pineapple. And because of what we are currently doing we have decided to focus on the pineapple for now. Okay, before we get there about the new baby. Talk to us about, for someone who is in the, let's say 24 to 35, someone who is just maybe from college and they have extra coin probably saved somewhere. What are a couple of ways to invest to just get passive income? For a young person. Of course it depends with the amount you have. Okay, let's work with the baby. Let's not give exact amount, let's not give figures. Yeah, so it depends with the amount we have and you see like I'll give an example of our company. I remember when I was doing the beekeeping, the investment in beekeeping I was thinking of a young person because it was as little as 13,950. Yeah, so there was investment for that much, that was for one hive, sorry, one hive like you could start with one hive and then continue adding. And so that was, I was looking for someone who like a student, a house manager. And then also we had for goat keeping which we were doing at 250 and then the pineapple. Of course there are, of course with other company there are other things. So that's why I was saying by the end of the day it depends with how the amount that you have. Alright, let's work with the beekeeping which is around 13,000. So for that, what is the time frame and how much are my returns? How long am I looking at? Yeah, for beekeeping for one hive, that's one hive which was that in 1950, that one was giving you 7,200 for one year. So you wait for one year to get your returns. So literally money which is working for you? Yeah, money working for you. What would you say that a couple of passive income benefits and why we as young people should have that mindset? One of the benefits of passive income is that you can still do whatever you're doing, whether you're working, that money will work for you because you don't have to put so much effort on it because you have invested in someone who is an expert on that area who will do that for you. And also it helps you on a rainy day. Let's say that you lose your job but whatever you invested on will help you in the future. Are there risks when it comes to this? So is this like a sure bet? I don't think, I can say it's 100% of course in every business there is a risk but that should not stop you from investing or going for it. But of course before you invest you should do your due diligence, you should do your research and be sure that this is what I want to invest, check the risk and be sure that you are getting into something that you know what you're doing. When it comes to Limavis, how long have you guys been into the market space and how was it during the first years of operation? We started in 2019, end of 2019. So what happens in 2020, like I think November and then 2020 came and we were excited to start the business and then Corona happened like a whole year. So we've been there for like now two years, we're going to two years. Two years? Yeah, we are still very young. Let me tell you, the amount of bars you guys are making online, if someone would ask me how long you guys have been into the market space I'll be looking at probably five years and plus. Really? Yes, what is your marketing strategy? Okay, I come from a family where we used to do real estate. Just that we got into now agri-business where we sell land and do the farming. The marketing strategy, you guys have made a huge buzz on social media because I would say that if not for now that I know that you guys have been in existence for two years I think we'll be looking at five years and plus. Oh, okay. We of course, we came to especially that time for Corona when there was not much happening. We made noise on social media because nowadays where everyone is, we made noise there, everyone got to know us and of course from also our background of real estate. Allow me to take you back. You mentioned something about you coming from a background of real estate. What did you study in school? Does it have to do anything with what you're doing right now? Personally, I was a teacher, a kindergarten teacher but I also learned from the family business. I got to learn a lot and I was also interested. With the farming, my mom was a farmer and of course when I was a stay home mom I also tried a couple of farming and that's when I realized that this is what I wanted to pursue. Real estate and farming. When it comes to someone who wants to get into what would you call whatever you're doing right now because you're providing investment opportunities most definitely for your clients. What would you say what do you do? Myself? I'll just say I'm in agribusiness. I am a farmer and also I sell land. On that space there's been a couple of stories that have been trending. First of all when we saw you with Dan Amaro you guys were the best of the best friends. You guys on vacation together. I've seen a couple of videos on YouTube. So you guys were close-ended. So there was a story going around that she accuses Lima Vestio which is you she got away from defroding her friend. I think it was around 700,000. Would you like to reply to that? Okay, I honestly don't know why she said that. I have not had a sitting in Alaska Hawaii but that does not change who I am or what we do. It does not change our business. We still continue to do what we are doing and then time will tell. People will see the fruit of our work. For someone who's watching this and they want to invest in a space of agribusiness or even get into ways to just get passive income. What are a couple of things you should say that they should consider before picking up passive income stream? They should check whether that's what they want to invest in. Do diligence, check whether these lands are genuine. Visit the place, see how it works. Let's now talk about the new baby on the block. So you guys are bringing in a new brand? Yeah, we're bringing in new products. So this was the idea from the beginning but this was the time that we wanted to launch this product. So from our own pineapples because I told you we do pineapple farming in Malindi so from our pineapple we've been able to make our own wine white, sweet and dry. And it's called Sarva. So looking back, so the transition because there's a lot that you guys do because there's beekeeping, there's pineapples. We talked about goats. Yeah, we did. We talked about goats. And then there's beekeeping and honey, one thing. Yeah, it's one thing. We get the honey from the bees. So how are you guys able to stay afloat especially during this time of COVID-19 and how is the business so far? Just juggling all these segmented different products? The business has been okay. In the beginning while we were doing the beekeeping and honey we were just providing more opportunities to our client but currently because we want to focus on the wine, the Sarva wine that's why we've decided to focus on the pineapple family because we need a lot of pineapple to make the wine and that's why now we've gone to our second phase. With our first phase we were selling land at 360 and now we're selling land at 380 so we need more people to invest so that they can be part of this winemaking. Looking back, what are a couple of financial lessons that you've learnt along the way in this space of business? Just managing your finances. It's very important. Speaking about managing your finances, do you have investment options for you? If you invest, where are you comfortable investing at Shiko? Sorry, sorry. When it comes to investment for you, where are you really comfortable investing for Shiko? Not like forgetting about the company and everything. You as a person? As Shiko I will still invest in this business, in the farming. I love farming and then I'm so excited about the winemaking because it's something that I've always wanted and the time is here and we are so excited to go. So for potential clients who are coming on board and there is an issue of credibility because when something, especially what happened on social media and everything and people had so many things to say, do you feel that credibility back? You know, okay. I will just, what I said is that for those who want to invest will come, ask questions, will visit, will have, I will just advise someone to take their time before you get into it. Even if it's my business, take your time until you're sure. Take your time to see how we are doing our business and then when the time comes that you're sure this is true, just come in and invest. For a young person who has, because as a young person, investment is one thing that's usually far from our mind. Probably have student loans, most of the time just leaving hand to mouth. When it comes to that particular person who is watching this conversation, what would be your advice in building capacity? For them, okay, they can start with a side hustle because as much as with passive income, we allow you to do, it's a way that you allow your money to work for you. You have to put some effort, like you have to look on your side, you have to look for that money in the first place for you to invest. So for a young person, you can just start by saving kidogo kidogo until you get there. Or just do something that you are passionate about. Maybe you are gifted in hair making, in the beauty, you can do YouTube or whatever, whatever you can do as a young person to generate that money, to get that money and put in savings, just do it. For people who want to of course work with you, what would you say that it is, what is your value proposition for them that you guys are outstanding compared to if they are to invest in any other agri-business? We are... Okay, with... Okay, what do I say? Like you are niche in the market. We are the... With land, sorry, most of these companies that invest in land, they do invest, you do in agri-business, most of them with this land, they lease the land. And what you need to remember with Lima Vest, you own the land. The land is yours by the end of the day. So with Lima Vest, we sell the land at $380,000 per acre. That land becomes yours, and then you sign a contract with us for management because the land is yours, we have to give us the permission to manage the land. So by the end of the day, even if you decide that you are not going to go on with the pineapple planting and you want to do something else, the land is still yours. Okay, now I get it. So I still own the land. Yeah, you still own the land. I mean decide not to plant pineapples at the end of the day. Decide not to, this is an opportunity to just give in you. You can take it or decide to do something else. Alright, if people want to give this conversation going on social media, how can they reach out to show you guys? Our physical location is at Two Rivers, Southern Tower, first floor. Or we can reach us on our social media Lima Vest underscore that is Instagram. Or we can call us on 0710 519 686 Okay, probably can repeat that again. Okay, our physical address is at Two Rivers, Southern Tower, first floor. Or we can reach us on our Instagram, Lima Vest underscore or even my personal Instagram is or you can call us at 0710 519-689 Alright, any events coming up? Yeah, we are launching the server wine very soon. We'll update you, we're just finishing on a few things and then we'll launch it. And then now we've just launched our second phase and you guys are so welcome. Alright, thank you very much Shiko Averro. Okay, in time to be with us. Hopefully we will be invited for the launch. Yeah, you guys will be invited. So that is Shiko Averro, the CEO of Lima Vest. So make sure you keep up with her to keep the conversation going. Remember, Y2 for Channel and find us across all our social media handles at Michelle Ashira is where you can find me across all my social We'll be right back with more on entrepreneurship this day.