KiaKia Disbursed Loans Worth N1.2bn Within Three Years - SME Finance

KiaKia Disbursed Loans Worth N1.2bn Within Three Years

KiaKia Bits Ltd, a Nigerian fintech company, has disbursed over N1.2 billion loans to individuals, Micro, Small and Medium Enterprises within three years of its operations.

This was disclosed by its Co-founder, Olajide Abiola, at a press briefing in Lagos.

Abiola said that KiaKia utilised big data, machine learning and artificial intelligence to provide credit services to individuals and MSMEs across Nigeria.

Abiola believes that financial inclusion is a critical driver of economic growth. Also, access to financial services has been proven to empower people and enable businesses to reach a larger market.

Abiola said that the company’s peer-to-peer (P2P) lending platform allows individuals and corporate bodies earn interest income from indirectly issued loans, while maintaining a two percent non-performing loan.

According to the reports of News Agency of Nigeria (NAN), peer-to-peer (P2P) lending is the practice of lending money to individuals or businesses through online services that match lenders with borrowers.

“KiaKia has over 75,000 registered users across the country and 35 lenders across three continents (Russia, Qatar, UK and the United States of America)’’ Abiola says

Kiakia gives you access to small business loans, and also enables savers lend out funds at negotiated interests through intuitive conversations.

Visit –  https://kiakia.co/ to get a loan.

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