FAQ on Registration

FAQ on registration

HomeFAQ on Registration

We have 2 categories of membership: Individual membership and group membership for less than 20 members and more than 20 members.

Individual: registration fee 20,000 (non-refundable)

  • Purchase of 100 shares at 525/= totaling to 72,500ksh inclusive of 20,000/= registration fee
  • Fill the membership form acquired from the office and attach copy of ID, copy of Pin and 1 passport form.
  • Make initial payments to the specified bank account
  • Present the fully signed and attached copies to any of our offices

Groups less than 20 and more than 20 members: Registration fee 50,000 (non-refundable)

  • Purchase of 300 shares at 525/= totaling to 207,500
  • Fill the membership form acquired from the office and attach copy of ID, copy of Pin and 1 passport photo for the 3 directors.
  • Make initial payments to the specified bank account
  • Present the fully signed and attached copies to any of our offices

BANK DETAILS
Bank: Cooperative Bank of Kenya
Branch: Westlands
Bank Account: 01120150100700
Name: Safaricom Investment Co-operative
MPESA
Pay bill number: 163163
Account number: (ones membership number) or the members names
A member has an option of leaving SIC at any time.
We however recommend that this is done after a full financial year of investing.
To leave SIC a member needs to sell off his shares.
A member has the option of selling off all his shares or just a part of the shares.
A member logs in to our website www.sic.extant.co.ke and creates his/ her and floats the shares to the market where other members can bid and purchase the shares.
  • Log into our website www.sic.co.ke
  • Click member login
  • Click do not have an account
  • Key in your membership as (MMBR0****)
  • Password sent to your phone
  • Click log back, key in your member number and the password
  • Change your password to the one you prefer and will remember
  • You can view your account at anytime and anywhere.
Westcom point building,
4th floor along mahiga mairu avenue off waiyaki way, opposite Safaricom hqs approximately 200m from waiyaki way shell petrol station.
Safaricom house,waiyaki way hq1, ground floor
Safaricom care center, 1st floor.