2nd Quarter Bulletin 2015

SAFARICOM INVESTMENT CO-OPERATIVE
Second Quarter
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Lands projects progress; The project of the month is
Kantafu Serene Gardens. This is ideal for immediate
development.
Our main projects of the quarter are Katani Mountain
View and Kisaju Dawn Estate. We had a very successful
open day for the Katani Mountain View and Kisaju Dawn
Estate. Get your plot now, few plots are remaining.
SIC Progress: We are glad to inform you that our share
capital has hit the Kshs 1.1 billion mark having started
the year with share capital of Kshs 792.5 m. A growth of
38.8% mainly due to Capitalization of dividends. We are
now on our way to attaining the Ksh1.5B mark.
SIC Survey; SIC is focusing on meeting its members
needs that is why we are encouraging every member
to participate in this survey. Kindly click on this link and
share your needs with us.
New Members: We highly welcome all the 181 new SIC
members who joined us in this Second quarter of the
year. You are privileged to join in a time when we have
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Bulletin
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exciting products (The Ololua Joint Venture and Wajanjez
plan 2015 Reloaded.
Safaricom Investment Cooperative has a total of 20 staff.
COMING SOON
SIC Online Portal: Safaricom Investment Cooperative
is excited to launch the SIC ONLINE PORTAL in August.
No more struggles, at the comfort of your phone or
laptop you will have easy access to your account. You
will access your statement, check your balance and trade
your shares online.
SIC Chipukizi Account: Safaricom Investment
Cooperative will launch a special account for children of
less than 18 years (SIC CHIPUKIZI ACCOUNT).
Parents will act as guardians of their children until they
are 18 years of age after which the account will be fully
transferred to them.
Key Highlights
We have launched The Ololua Joint Venture
Katani Mountain View open day was held on the 30th May 2015 and Kisaju Dawn Estate open day was held
on the 4th July 2015
We are pleased to present to you the Wajanjez Plan 2015 Reloaded.
Major events
1.
Ololua Joint Venture Investors Forum - 12th May 2015
2.
Katani Mountain View Open Day - 4th July 2015
3.
Saccos Ololua Joint Venture Forum - 24th June 2015
4.
Kisaju Dawn Estate Open Day - 4th July 2015
LAND PROJECTS ON SALE
| 2 | 2nd Quarter Bulletin
1. RUAKA RIDGE PROGRESS OF WORK
• The project has a very impressive progress
• The project is in the 5th floor
• Plaster work on ground & 1st floor are ongoing
• The show house is 75% complete
• Underground water tanks are almost completed
• Works on the perimeter wall has started and is
halfway to completion
• Get a 2 bedroom apartment at Kshs. 7M
2. RONGAI VILLAS PROGRESS OF WORK
• We are delighted to inform you that five units roofing
has been done (Unit 1, 3, 5, 7, 8 &11)
• Finishing has started on 7 units (2,5,7,6,8,11 & 13)
• Unit 14 walling is at 100%
• Windows, Doors, Ballustrading& Railing has been
done on Unit 8
• Get a 4 Bedroom Villa at Kshs.13.5M
3. PROJECTS UPDATE:
In the quarter we have achieved the following sales so far:
No. of plots sold-----324
HOUSING PROJECT UPDATE
Housing
Stock
Projects
Blue Bells
Gardens
Apartments
Phase 1
Launched
date
Expected
Completion
date
Status %
of work
done
30/11/14
100%
Handed over
to buyer on
1/12/2014
No. of
Bedroom
(Bdr)
Number
of Floors
Initial
Units
Sold
Units
Remaining
Units
%
Sold
2 Bdr 40 units
3 Bdr 120 units
5 Shops
4
165
140
25
84%
Ruaka Ridge
Apartments
5/01/2015 March 2016
15%
2 Bdr 54 Units
6
54
44
10
81%
Rongai Royal
Villas
5/01/2015 December
2015
25%
4 Bdr 13 Units
1
13
6
7
46%
2nd Quarter Bulletin | 3 |
COMING SOON PROJECTS
4. SIC ONLINE PORTAL
Safaricom Investment Cooperative will launch SIC ONLINE PORTAL in August, 2015.
As members you will have the privilege of paperless transactions at the comfort of your phone by
messaging or laptop through the SIC website link for the below services.
• Share Trading
• Checking Statement
• Checking balance
Online Share Trading
The shares trading portal will enable members to buy and sell shares online
Members will be able to :
• Float shares- To list shares in the market
• View shares book - History of your shares
• View shares in the market
• Bid for your shares
• View and edit your bids if they are not accepted.
• View your profile
• Change password
• Withdraw a sale order from the market
• View your statement
5. SIC CHIPUKIZI ACCOUNT
Safaricom Investment Cooperative will launch the (SIC Chipukizi Account) membership for Children under
the age of 18 years. The main motivation is to introduce the young ones to an investment culture & saving
habit early in life. To support the investment culture, SIC will organise age appropriate events to expose the
young ones to various investment elements
Key Features:
• Pay the entrance fee of KShs 5,000/= buy at least 150 shares of KShs. 350/= each for a total of Ksh
52,500.
• Payment of minimum shares will be paid either in lump sum or in 3 months installments.* of Kshs
30,000, Kshs. 15,000 and Kshs. 12,500.
• Pay at least Kshs.1,500 per month towards deposits when the minimum shares have been paid up.
• Sign the membership form which shall be deemed to bind the members to accept the rights and duties
of membership as set forth in the Act, Rules and these By-laws.
• Either of the parents will act as a guardian for the child
• Every applicant for membership shall complete an ‘Application for Membership’ form filled by the
guardian.
• Account name will appear as the Parent name/Name of the child.
• The Account name will change to that of the Child on attainment of 18 years after presentation of a copy
of ID and KRA pin.
| 4 | 2nd Quarter Bulletin
6. Upcoming Event
• Kantafu Serene Gardens open day on the 8th August 2015.
7. LAND APPRECIATION VALUE
“Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has
devised. It is the basis of all security and about the only indestructible security.” -Russell Sage
Below please find how SIC land sold has appreciated in value
Value Creation
2014
2015
Mavoko Lukenya-1/2
600,000.00
1,200,000.00
100%
Kitengela 1/8
Kajiado 1/8
Namanga 1 Acre
400,000.00
200,000.00
700,000.00
600,000.00
280,000.00
900,000.00
50%
40%
29%
Safaricom Investment Co-operative
HQ1 (Safaricom House) Waiyaki Way, Westlands Ground Floor
Email: [email protected]
Tel: 0707 946 502, 0719 202 677, 0719 202 678
0719 204 651, 0719 202 679, 0719 204 652
% growth