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: 

  • An individual applicant shall be admitted to membership on application upon payment of a non-refundable entrance fee of KES 10,000/= and for a minimum of Five hundred (500) shares of KES 52.5/= each or as may be determined by the General Meeting from time to time, 
    Totaling to KES 36,250/=
    Monthly contribution of KES 3000/=

Groups less than 20 and more than 20 members:

  • A corporate member applicant shall be admitted to membership on application upon payment of a non-refundable entrance fee of KES 15,000/= and for a minimum of One Thousand (1000) shares of KES 52.5/= each or as may be determined by the General Meeting from time to time,
    Totaling to KES 67,500/=
    Monthly contribution of KES 15,000/=

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.