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01. Tell me more about Lofty-Corban
Founded by a group of seasoned investment professionals in 2021, Lofty-Corban investments Limited (L-CIL) is licensed and regulated by Capital Markets Authority and Retirement Benefits Authority to offer Fund Management and Pension Management services, respectively. Our key role is to empower our clients to attain financial freedom.
We specialise in Financial Advisory, Investment Management as well as Training and Financial Empowerment. We offer the following solutions:
Investment Management
- Money Market Fund (MMF)
- Bond Fund
- Equity Fund
Pension Management
- Individual Pension Plan
- Income Drawdown Fund
- Umbrella Pension Fund
- Segregated Pension Fund
02. Is this a Kenyan owned company?
L-CIL is a fully Kenyan owned company. Our team is comprised of seasoned investment professionals who cumulatively bring over 125 years of experience in the Investments
industry.
• Meet Our Board
• Meet Our Team
03. What does the name Lofty-Corban mean?
Lofty (English): means ‘to elevate.’
• Corban (Hebrew): means ‘Sacrifice to God’.
• Therefore, the full meaning of the name: an elevated service as a sacrifice to God
04. Where is your office located?
Nairobi Central Business District, Kimathi Street, IPS Building, 1st Floor.
05. Are you available on WhatsApp?
Yes, we are available on WhatsApp.
- Phone Number: +254 757 111 130
- WhatsApp Channel: link
01. What is a KES MMF?
02. What is Special KES MMF?
03. What is a Bond Fund?
04. What is an Equity Fund?
05. What is the Minimum initial investment?
Minimum investment amount for MMF, Bond Fund and Equity Fund are as follows:
- KES: 1,000
- USD: 100
- Special MMF: 1,000,000
06. What is the Minimum top-up amount?
- KES: 100
- USD: 10
- Special MMF: 500,000
07. Where can I check the prevailing L-CIL Interest Rates
- Newspapers: Daily Nation, Standard and Business Daily
- Website
- WhatsApp Channel
08. How is the Interest calculated?
The interest is earned daily then credited and compounded monthly.
09. What does Daily Yield mean?
This is the interest or return that you will earn within a year i.e. 365 days.
10. What does Effective Annual Yield mean?
This is the total return you will earn within a year factoring in interest compounding.
11. What is compounded interest?
If you choose to have your interest ploughed back into your account, it will begin to earn interest upon interest hence the compounding effect.
12. Are there any applicable taxes?
Yes, there’s a 15% withholding tax of applicable on the interest income only.
13. One Month Compounding Interest Effect Example:
- Assuming an interest rate of 16.92% Daily Yield.
- 1 year calculation: 16.92% X 1,000 = KES 169.2
- 1 day calculation: 169.20/365 = KES 0.46
- 30-day month calculation: 0.046 X 30 = 13.90
- 15% withholding tax: 13.90 X 0.85 = KES 11.82
- New principal for the next month: 1,000 + 11.82 = KES 1,011.82
14. How much would I earn with 1,000/- after one year with Compounded Interest?
- Assuming an interest rate of 16.92% Daily Yield.
- 1 year calculation:(1+(16.92%/12))^12 X 1,000 = KES 1,182.96
- Gross Interest (Annual): 1,182.96 - 1,000 = KES 182.96
- Gross Interest (Per day): 182.96/365 = KES 0.501
- Net Interest (Per day): 0.501 X 0.85 = KES 0.43
02. Which categories are eligible for account creation?
Any of the following categories can open an account with us:
- Individual
- Joint
- Corporate
- Minor
- Chama
- Sacco
To register any of the above, simply send a request to service@loftycorban.com for further guidance.
03. Which supporting documents do I need to create an Individual account?
For a smooth account creation process, please have the following at hand:
- Copy of Official Identification Document or Current Passport.
- Copy of Tax PIN certificate or Tax Exemption Certificate (where applicable).
- Proof of banking details: Copy of ATM card, Bank Statement or Certified letter from the bank (not more than 3 months old).
- One passport photo.
04. Which supporting documents do I need to create a Corporate account?
For a smooth account creation process, please have the following at hand:
- Copy of Certificate of Incorporation
- Copy of tax PIN or Tax Exemption Certificate (where applicable)
- Proof of banking details: Copy of ATM card, Bank Statement or Certified letter from the bank (not more than 3 months old).
- Board resolution to invest or excerpt of minutes.
KYC Documents for Signatories:
- Copy of Official Identification Document or Current Passport.
- Copy of tax PIN or Tax Exemption Certificate (where applicable).
- One passport photo each.
- Above KYC requirements are also applicable for Sacco's.
05. Which supporting documents do I need to create a Joint account?
Signing Mandate:
All to sign, Any two to sign or One to sign.
- Copy of Official Identification Document or Current Passport.
- Copy of tax PIN or Tax Exemption Certificate (where applicable).
- One passport photo each.
- Proof of banking details: Copy of ATM card, Bank Statement or Certified letter from the bank (not more than 3 months old).
- List of other group members who are not signatories, with their telephone numbers and national ID numbers.
- Above KYC requirements are also applicable for Chamas.
06. Which supporting documents do I need to create a Minor account?
- Minor’s Name
- Minor’s Date Of Birth
- Minor’s birth certificate number
- Gender
Guardian’s details:
- Copy of Official Identification Document or Current Passport.
- Copy of tax PIN or Tax Exemption Certificate (where applicable).
- One passport photo each.
- Proof of banking details: Copy of ATM card, Bank Statement or Certified letter from the bank (not more than 3 months old).
07. How do I log in to the web portal?
Click this link to login using your e-mail address and the initial password shared with your welcome letter upon joining.
08. I forgot my password; how can I reset it?
- Navigate to the Login page.
- Click on Forgot password.
- Insert email address used to register the account.
- Insert OTP sent via SMS/Email.
- Set a new password.
- Confirm new password.
- SMS confirmation will be sent.
- Save your password details and proceed to log in.
09. How can I top up to the KES Bank Account?
- Account Name: Lofty-Corban Kenya Shillings Collection Account Account Number: 1080284389344
- Bank: Equity Bank
- Branch: Mombasa Road
- Bank code: 68
- Branch Code: 108
- Swift Code: EQBLKENA
- Currency: KES
10. How can I top up to the USD Bank account
- Account Name: Lofty-Corban USD Collection Account Account Number: 1080284389453
- Bank: Equity Bank
- Branch: Mombasa Road
- Bank code: 68
- Branch Code: 108
- Swift Code: EQBLKENA
- Currency: USD
11. How can I top up via M-PESA?
- Paybill: 8752530
- Account Number: Member Number
12. How can I top up via EQUITEL?
- Paybill: 8752530
- Account Number: Member Number
13. Can I deposit funds at the bank?
Yes, you can deposit cash or cheque over the counter at any Equity Bank branch at no cost.
14. Troubleshooting various error messages
- Error: Something has gone wrong
Solution:- Try to close and reopen the tab.
- Error Encountered:
Solutions:- Check your image format: only JPEG, PNG, PDF, JPG are acceptable.
- Image size: 10 mb
- Ensure beneficiaries percentages do not exceed and are not lower than 100%.
15. How do I withdraw?
Simply issue an instruction with exact amount expected to service@loftycorban.com. You can expect your funds to be credited to your account within 2 working days.
16. What are the withdrawal charges?
- First withdrawal: Free.
- Subsequent withdrawals within a calendar month: KES 500 per withdrawal.
17. What are the available payout options?
We currently only have a Bank payout option.
18. How do I access my statement?
- Check your e-mail from Lofty-Corban Investments Limited titled Monthly Account Statement.
- Use your member number as your password.
Company FAQ's
Tell me more about Lofty-Corban
Founded by a group of seasoned investment professionals in 2021, Lofty-Corban investments Limited (L-CIL) is licensed and regulated by Capital Markets Authority and Retirement Benefits Authority to offer Fund Management and Pension Management services, respectively. Our key role is to empower our clients to attain financial freedom.
We specialise in Financial Advisory, Investment Management as well as Training and Financial Empowerment. We offer the following solutions:
Investment Management
- Money Market Fund (MMF)
- Bond Fund
- Equity Fund
Pension Management
- Individual Pension Plan
- Income Drawdown Fund
- Umbrella Pension Fund
- Segregated Pension Fund
Is this a Kenyan owned company?
L-CIL is a fully Kenyan owned company. Our team is comprised of seasoned investment professionals who cumulatively bring over 125 years of experience in the Investments
industry.
• Meet Our Board
• Meet Our Team
What does the name Lofty-Corban mean?
Lofty (English): means ‘to elevate.’
• Corban (Hebrew): means ‘Sacrifice to God’.
• Therefore, the full meaning of the name: an elevated service as a sacrifice to God
Where is your office located?
Nairobi Central Business District, Kimathi Street, IPS Building, 1st Floor.
Are you available on WhatsApp?
Yes, we are available on WhatsApp.
- Phone Number: coming soon.
- WhatsApp Channel: link
Market Fund FAQ's
What is a KES Money Market Fund?
What is Special MMF?
What is the Minimum initial investment?
Minimum investment amount for MMF, Bond Fund and Equity Fund are as follows:
- KES: 1,000
- USD: 100
- Special MMF: 1,000,000
What is the Minimum top-up amount?
- KES: 100
- USD: 10
- Special MMF: 500,000
What is a Bond Fund?
What is an Equity Fund?
Interest Rate FAQ's
Where can I check the prevailing L-CIL Interest Rates
- Newspapers: Daily Nation, Standard and Business Daily
- Website
- WhatsApp Channel
How is the Interest calculated?
The interest is earned daily then credited and compounded monthly.
What does Daily Yield mean?
This is the interest or return that you will earn within a year i.e. 365 days.
What does Effective Annual Yield mean?
This is the total return you will earn within a year factoring in interest compounding.
What is compounded interest?
If you choose to have your interest ploughed back into your account, it will begin to earn interest upon interest hence the compounding effect.
Are there any applicable taxes?
Yes, there’s a 15% withholding tax of applicable on the interest income only.
One Month Compounding Interest Effect Example:
- Assuming an interest rate of 16.92% Daily Yield.
- 1 year calculation: 16.92% X 1,000 = KES 169.2
- 1 day calculation: 169.20/365 = KES 0.46
- 30-day month calculation: 0.046 X 30 = 13.90
- 15% withholding tax: 13.90 X 0.85 = KES 11.82
- New principal for the next month: 1,000 + 11.82 = KES 1,011.82
How much would I earn with 1,000/- after one year with Compounded Interest?
- Assuming an interest rate of 16.92% Daily Yield.
- 1 year calculation:(1+(16.92%/12))^12 X 1,000 = KES 1,182.96
- Gross Interest (Annual): 1,182.96 - 1,000 = KES 182.96
- Gross Interest (Per day): 182.96/365 = KES 0.501
- Net Interest (Per day): 0.501 X 0.85 = KES 0.43
Onboarding & Account FAQ's
Which categories are eligible for account creation?
Any of the following categories can open an account with us:
- Individual
- Joint
- Corporate
- Minor
- Chama
- Sacco
To register any of the above, simply send a request to service@loftycorban.com for further guidance.
Which supporting documents do I need to create an Individual account?
For a smooth account creation process, please have the following at hand:
- Copy of Official Identification Document or Current Passport.
- Copy of Tax PIN certificate or Tax Exemption Certificate (where applicable).
- Proof of banking details: Copy of ATM card, Bank Statement or Certified letter from the bank (not more than 3 months old).
- One passport photo.
Which supporting documents do I need to create a Corporate account?
For a smooth account creation process, please have the following at hand:
- Copy of Certificate of Incorporation
- Copy of tax PIN or Tax Exemption Certificate (where applicable)
- Proof of banking details: Copy of ATM card, Bank Statement or Certified letter from the bank (not more than 3 months old).
- Board resolution to invest or excerpt of minutes.
KYC Documents for Signatories:
- Copy of Official Identification Document or Current Passport.
- Copy of tax PIN or Tax Exemption Certificate (where applicable).
- One passport photo each.
- Above KYC requirements are also applicable for Sacco's.
Which supporting documents do I need to create a Joint account? Signing Mandate:
All to sign, Any two to sign or One to sign.
- Copy of Official Identification Document or Current Passport.
- Copy of tax PIN or Tax Exemption Certificate (where applicable).
- One passport photo each.
- Proof of banking details: Copy of ATM card, Bank Statement or Certified letter from the bank (not more than 3 months old).
- List of other group members who are not signatories, with their telephone numbers and national ID numbers.
- Above KYC requirements are also applicable for Chamas.
Which supporting documents do I need to create a Minor account?
- Minor’s Name
- Minor’s Date Of Birth
- Minor’s birth certificate number
- Gender
Guardian’s details:
- Copy of Official Identification Document or Current Passport.
- Copy of tax PIN or Tax Exemption Certificate (where applicable).
- One passport photo each.
- Proof of banking details: Copy of ATM card, Bank Statement or Certified letter from the bank (not more than 3 months old).
How do I log in to the web portal?
Click this link to login using your e-mail address and the initial password shared with your welcome letter upon joining.
I forgot my password; how can I reset it?
- Navigate to the Login page.
- Click on Forgot password.
- Insert email address used to register the account.
- Insert OTP sent via SMS/Email.
- Set a new password.
- Confirm new password.
- SMS confirmation will be sent.
- Save your password details and proceed to log in.
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Account Top Up FAQ's
How can I top up to the KES Bank Account?
- Account Name: Lofty-Corban Kenya Shillings Collection Account Account Number: 1080284389344
- Bank: Equity Bank
- Branch: Mombasa Road
- Bank code: 68
- Branch Code: 108
- Swift Code: EQBLKENA
- Currency: KES
How can I top up to the USD Bank account
- Account Name: Lofty-Corban USD Collection Account Account Number: 1080284389453
- Bank: Equity Bank
- Branch: Mombasa Road
- Bank code: 68
- Branch Code: 108
- Swift Code: EQBLKENA
- Currency: USD
How can I top up via M-PESA?
- Paybill: 8752530
- Account Number: Member Number
How can I top up via EQUITEL?
- Paybill: 8752530
- Account Number: Member Number
Account Deposit FAQ's
Can I deposit funds at the bank?
Yes, you can deposit cash or cheque over the counter at any Equity Bank branch at no cost.
Troubleshooting various error messages
- Error: Something has gone wrong
Solution:- Try to close and reopen the tab.
- Error Encountered:
Solutions:- Check your image format: only JPEG, PNG, PDF, JPG are acceptable.
- Image size: 10 mb
- Ensure beneficiaries percentages do not exceed and are not lower than 100%.
Account Withdrawal FAQ's
How do I withdraw?
Simply issue an instruction with exact amount expected to service@loftycorban.com. You can expect your funds to be credited to your account within 2 working days.
What are the withdrawal charges?
- First withdrawal: Free.
- Subsequent withdrawals within a calendar month: KES 500 per withdrawal.
What are the available payout options?
We currently only have a Bank payout option.
Account Statements FAQ's
How do I access my statement?
- Check your e-mail from Lofty-Corban Investments Limited titled Monthly Account Statement.
- Use your member number as your password.
Start your journey to
financial freedom today
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
~ Robert Kiyosaki
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