FAQs

General FAQs

Monday to Friday 8:00 am to 5:00 pm

Bank: Cooperative Bank of Kenya

Branch: Westlands

Swift code: Kcookena

Bank code: 11

Branch code: 036

Bank account: 01120150100700

Name: Safaricom Investment Co-operative

 

Dollar Account

Bank: Cooperative Bank of Kenya

Branch: Westlands

Bank code: 11

Branch code: 036

Bank account: 02120150100700

Name: Safaricom Investment Co-operative

Dividends are paid out yearly after our AGM.

Unfortunately SIC does not offer loans to our customers.

SIC does not have this arrangement currently as we treat the two differently.

On the day of ground breaking and upon request via relationship managers

We also do weekly site visits

Membership FAQs

Individual membership

An individual becomes a member upon payment of a non-refundable fee of kshs.10,000/= and purchase of the minimum 500 shares @ksh.52.5/= each or may be determined by the General Meeting from time to time.

Total membership fee is ksh.36,250/=

Group membership

This is achieved upon payment of a non-refundable fee of kshs.15,000/= and purchase of the minimum 1,000 shares @ ksh.52.5/= each or may be determined by the General Meeting from time to time.

Total membership fee is ksh.67,500/

Earning of dividends from the savings on an earning per share.

Subscription to a premium yield flexible Fixed deposit plan (Pepea Fixed Deposit plan.)

Priority notification of all new products ahead of all other members of the public.

Earn interests from the interest Earning Deposit (IED) product.

Opportunity to join the governance team after 3 years of membership in regular standing in line with guiding by- laws.

Special discounted pricing of our land products.

There is a member’s portal to track my investment:

  1. Navigate to our website www.sic.co.ke
  2. On the main menu, click member login
  3. For first time user, click “Sign in”
  4. Key in your membership number
  5. OTP is sent to your phone
  6. Change your password to the one you prefer and will remember

The returns are calculated based on the duration the member’s contribution has been invested.

The return on these investments will be in terms of dividends on shares.

For as long as they have a Kenyan KRA PIN they are able to be members. Foreigners with dual citizenship also are eligible to be SIC members.

Pepea FAQs

This is a premium Fixed deposit product that allows members to lock their funds between 6-12 months with a return from 10% to 12% per annum.

Yes, you have to be a member.

The minimum amount a members shall lock in this product is Ksh. 50,000.00

It Matures from the 6th month to the 12th month

Yes. A member is at liberty to lock to different subscriptions that mature in different times respectively.