KiaKia – online loan Nigeria
Quick online loans up to ₦200,000 with funds in your account within 1 hour.
Applying does not commit you to a loan agreement.
Screenshot of https://kiakia.co
KiaKia – Peer-to-Peer Lending Platform Nigeria
KiaKia (which means "quickly" in Yoruba) was one of Nigeria's pioneer peer-to-peer digital lending platforms, connecting individual and institutional lenders with creditworthy borrowers. The company used artificial intelligence and psychometric scoring to assess borrower creditworthiness, moving beyond traditional bank-based credit scoring. KiaKia was among the first Nigerian fintech companies to receive a licence from the Securities and Exchange Commission (SEC) as a digital lending platform, reflecting the regulatory evolution of the P2P lending space in Nigeria.
KiaKia offered personal loans ranging from ₦10,000 to ₦200,000 with repayment periods of 1 to 3 months and monthly interest rates starting from 5%. Applications were done online through the KiaKia website with BVN verification and bank account linkage. The platform used a unique credit scoring system based on social data, financial history, and psychometric questionnaires. Approved loans were funded by investors on the platform and disbursed to the borrower's bank account within 24 hours.
As a SEC-registered P2P platform in Nigeria, KiaKia operated under specific regulations governing digital lending marketplaces. The platform innovated in the area of alternative credit scoring but faced challenges common to the Nigerian fintech lending space. If you are interested in KiaKia, visit their official website to confirm current product availability and terms, as the P2P lending market in Nigeria has evolved significantly since the platform's launch.
✓ Pros
- Pioneer Nigerian P2P lending platform
- AI-based alternative credit scoring
- SEC registered platform
- Investment opportunity for lenders
- Loans available without traditional bank credit history
✗ Cons
- Short repayment periods (1-3 months)
- P2P model means funding is not guaranteed
- Loan availability depends on investor participation
- Higher rates than bank lending
Loan example
Representative example: A personal loan of ₦50,000 over 2 months at 5% monthly interest. Monthly repayment approximately ₦26,190. Total amount repayable: ₦52,381. Total interest: ₦2,381.
Loan requirements
- ✓ Valid BVN
- ✓ Active Nigerian bank account
- ✓ Valid ID
- ✓ Nigerian phone number
- ✓ Psychometric assessment completion
Loan features
- Peer-to-peer lending marketplace
- Loans from ₦10,000 to ₦200,000
- Terms 1 to 3 months
- Interest from 5% per month
- AI alternative credit scoring
- SEC registered platform
Frequently asked questions
1 hour after submitting your application.
The minimum amount at KiaKia is ₦20,000.