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Cytonn Investments
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Chaka
#71 Posted : Tuesday, February 23, 2016 4:16:02 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
@mugo2of3,
As far as I know and I stand to be collected Pesa+ is a money market fund and not a fixed deposit.You can invest as little as Ksh 2,500 and top up with a similar amount(min).A minimum holding period of 14 days will apply(as per CMA regulations)after which one may request for all the funds invested plus interest accrued if you so wish.
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Msa Liti
#72 Posted : Tuesday, February 23, 2016 5:53:07 PM
Rank: Member

Joined: 1/6/2009
Posts: 98
Chaka wrote:
@mugo2of3,
As far as I know and I stand to be collected Pesa+ is a money market fund and not a fixed deposit.You can invest as little as Ksh 2,500 and top up with a similar amount(min).A minimum holding period of 14 days will apply(as per CMA regulations)after which one may request for all the funds invested plus interest accrued if you so wish.



You won't be collected.

You are right.
I am on this thing. The rate is around 17% pa before tax.

Minimum investment is 2500. You can top up when you want.

As someone up there, the rates are published in the papers.
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Ethiteri
#73 Posted : Wednesday, February 24, 2016 6:57:49 AM
Rank: Member

Joined: 2/4/2016
Posts: 175
Location: Global
Horton wrote:
If anyone attends their events, they deal with the top ten banks in Kenya and put in money based on individual bank requirements. They have large sums and hence command greater interest vs an individual



So banks are giving them a better rate such that they can afford 18%?If yes, those banks are in serious liquidity issues and that money is not safe.
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kasibitta
#74 Posted : Wednesday, February 24, 2016 8:35:56 AM
Rank: Member

Joined: 2/7/2014
Posts: 155
Msa Liti wrote:
Chaka wrote:
@mugo2of3,
As far as I know and I stand to be collected Pesa+ is a money market fund and not a fixed deposit.You can invest as little as Ksh 2,500 and top up with a similar amount(min).A minimum holding period of 14 days will apply(as per CMA regulations)after which one may request for all the funds invested plus interest accrued if you so wish.



You won't be collected.

You are right.
I am on this thing. The rate is around 17% pa before tax.

Minimum investment is 2500. You can top up when you want.

As someone up there, the rates are published in the papers.




@Msa liti.......Do you mind indicating the other expenses;Rate of management fee?, and probably give the net return rate.

Regards
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Jaina
#75 Posted : Wednesday, February 24, 2016 9:28:29 AM
Rank: Member

Joined: 5/13/2008
Posts: 558
Assume you invest 100,000 for 1 month.

Interest - 17%x100,000/12 = 1,416.78
15% Tax rate (212.52)
===============================
NETT = 1,204.26
===============================

Effectively if you put in 1M for 1YR
NETT will be 144,511.56
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Jaina
#76 Posted : Wednesday, February 24, 2016 9:30:33 AM
Rank: Member

Joined: 5/13/2008
Posts: 558
Assume you invest 100,000 for 1 month.

Interest - 17%x100,000/12 = 1,416.78
15% Tax rate (212.52)
===============================
NETT = 1,204.26
===============================

Effectively if you put in 1M for 1YR
NETT will be 144,511.56
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Othelo
#77 Posted : Wednesday, February 24, 2016 10:07:26 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Good work by the team at Cytonn, plus agressive marketing to mobilise deposits smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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  | | Edit by user: Wednesday, February 24, 2016 10:12 AM | Reason: Not specified
Kusadikika
#78 Posted : Thursday, March 24, 2016 2:47:07 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,723
Cytonn Investment unveils multi-county franchise model

Call me paranoid but I am getting a little suspicious of this company. The deposit taking moves with attractive short term returns and now this project where the intention is clearly to receive huge amounts of money upfront. Does anybody know which projects they have completed?

Could this be another Sasanet?
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Plimsoul
#79 Posted : Thursday, March 24, 2016 3:31:09 PM
Rank: Member

Joined: 3/3/2016
Posts: 132
Does Cytonn have a CMA license? It's not on the list on the CMA website.
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alma1
#80 Posted : Thursday, March 24, 2016 4:04:51 PM
Rank: Elder

Joined: 9/19/2015
Posts: 2,871
Location: hapo
Kusadikika wrote:
Cytonn Investment unveils multi-county franchise model

Call me paranoid but I am getting a little suspicious of this company. The deposit taking moves with attractive short term returns and now this project where the intention is clearly to receive huge amounts of money upfront. Does anybody know which projects they have completed?

Could this be another Sasanet?


To be honest with you. I met some of the Sytan fellows and ladies

Actually loved their concept.

But when I saw getting a franchise is only $10k I became worried.

What real estate plan is done with $10k

I now believe what they did was create a brand. Then sell shit.

Just like Uchumi...Someone in Saitani tell me its not true.
Thieves are not good people. Tumeelewana?
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