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KIAKIA Peer-to-Peer lending investment app (Review)

The Kiakia peer-to-peer app is a platform designed to allow users to earn higher returns on their idle funds. It definitely works differently from the usual bank process of fixing a deposit.



Getting good returns on idle cash is not always as easy as it sounds. Most would-be investors often have to grapple with the fact that they tie their money down for a period but do not get impressive returns. Even where financial institutions charge lenders high-interest rates, what the saver gets at the end of the day is far from it.

But what if there was a solution? A platform, that offers you the opportunity to choose businesses to invest your funds and also choose when to cash out returns?

Awesome, right?

That is what Kiakia peer-to-peer lending investment does.

How it works


The Kiakia peer-to-peer app is a platform designed to allow users to earn higher returns on their idle funds. It definitely works differently from the usual bank process of fixing a deposit. With Kiakia’s app, ordinary individuals over the age of 18 years who have legitimate income sources, can provide money to fund secured MSME loans booked via the KiaKia loan platform.

This, of course, allows them to earn returns monthly, quarterly, bi-annually or even annually while providing businesses with low-interest capital that can help them grow.

What more? Lenders/investor get to choose the industry or sector they want their funds to be applied to. There’s also the satisfaction of knowing that your little funds might be making all the difference for some business out there.

The business of choice can be located in any part of the country, and are carefully selected, verified and pre-approved by the Kiakia team.

The KiaKia story
Launched in 2016, the aim of the KiaKia peer-to-peer digital lending app was to give people better returns on their money and with less stress.

Initially, the lending/investment packages were fixed to accommodate lenders who had a million naira and above, but when users cried out that it was discriminatory, Kiakia reduced the limit to provide an all-inclusive service that accommodated everyone above 18 years with a legitimate source of income.

With as little as N50,000 now, a lender can be a part of those who contribute funds for the qualified borrower and still earn returns of the money. Packages are between N50, 000 and N10, 000,000 and can be done in multiples.

Talk about a flexible plan that fit income!
The app allows you to easily fund a loan using a valid debit card in your name, or even via bank transfer.
Multiple funding is also allowed so that a lender can fund as many loans as his income can afford. There is however an upper cap, stipulating a maximum single loan amount of N10, 000,000 and for a maximum tenure of 18 months.

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The lender also gets to choose his investment structure, and this will determine how he is to be paid returns – Quarterly, Bi-annually or Annually.

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Within 7 days of the maturation of the loan tenure, the lender needs not to make any request to withdraw the funds as it will be automatically deposited into the account number provided.

The Halal option
There is also the Halal feature which allows the Muslim faithful to participate in permissible earnings. Kiakia’s Halal investment option is structured in line with the Islamic principles governing non-interest funding. So when KiaKia gives funds to businesses under this arrangement, it is for the purpose of profit-sharing not payment of interests.

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Kiakia’s Super Advanced Dashboard provides a seamless experience with a detailed and beautiful dashboard that enables lenders to monitor fund performance and progress.

Safeguarding of investment
Ever had to worry about a borrower paying back the loan? Not with Kiakia!
Kiakia takes the security of lenders funds very seriously, and only invest in loans and businesses that will benefit the lender/investors.

There is the safety fund feature, which basically provides a buffer for lenders. At KiaKia, part of the interest/profit shared goes to you, the investor/lender, while another part goes directly into the safety fund. As the repayments and portfolio grow, so does the safety fund, and this becomes the buffer to protect all investments. If a borrower misses any payment, the investor/lender is reimbursed from the safety fund.

Highly impressive!
Interest rates on the Kiakia app ranges from as low as 12% and as high as 40%, and spans 6 to 18 months tenure. For the interest/profit payout options – 3 months, 6 months, 12 months and 18 months, payments are credited automatically.

READ ALSO: These banks gave AMCON N168 billion in 2019

In 2019, KiaKia clinched the InFINCA (Inclusive Finance Conference and Awards, 2019 award for Best Peer-To-Peer Platform in Nigeria – a testament to its pioneering effort and sustained innovation.

The company also takes pride in the fact that in over 3 years of operations, no Individual or corporate body has lost money committed in trust to investments or lending.


Now, isn’t this is a record to be proud of?

NM Partners represent articles published in paid partnerships with corporate organisations. They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.



  1. K. Olajide

    June 5, 2020 at 4:06 pm

    Thanks for your write up on this kiakia.
    Please, kindly confirm the geniunenss of this investment. 12% to 40% interest?
    Hope is not one of the poschic’s schemes, mmm, etc.
    Kindly, help verify and let us know the authenticity of it.
    Thanks and God bless.

    K. Olajide

  2. Exile

    June 8, 2020 at 8:16 pm

    in the utopia ecosystem, you can same.

  3. Tokunbo

    December 25, 2020 at 6:57 am

    I applied for loan from This App: Mobile loan . After collecting details on my account and ATM .I was told to pay 3580 as initial deposit which will be deducted from my account. 3580 was deducted 3 times from account=10740 deducted. Since then the loan was not given . my money was not customer care no address. According to my bank alert .it was deducted by paycom Nigeria limited.been trying to get the mobile loan response through the feedback on app .no response.

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Bitcoin: The good, the bad, the future

Bitcoin is the first successful global peer-to-peer cash implementation that lets everyone store and exchange value with others.



dollars, Bitcoin has halved, what happens next?, Naira should watch out; Nigeria leads in the peer to peer use of Bitcoin than all African countries combined

Cheers. Here’s to something we all know, maybe most of us but mostly, here’s to something some of us most likely want to deny; “Bitcoin has come to stay” and we must raise our glasses to the doggedness of all and sundry involved in the efforts to complement and consolidate the stability, acceptance, profitability, and growth of BTC world over.

In recent weeks, Bitcoin and holders have enjoyed over 8 percent increase in the prices of Bitcoin world over, justifying the decision to hold on to the digital currency and has, in turn, led to a spike in the acceptance, recognition, and investment of individuals and corporations in the digital currency. Going forward, with teeming interest in Bitcoin, it is imperative to educate enthusiasts and potential investors on and about the story so far and in tandem help inform better decisions as to the future of the ‘gold mine’.

On the surface, one of the many perks of BTC and/or cryptocurrency is the accessibility. Without any middlemen, government officials, monetary economists, and other intermediaries or regulators, such a system can operate. Essentially, Bitcoin is the first successful global peer-to-peer cash implementation that lets everyone, no matter who or where they are, store and exchange value with others.

However, the unregulated use of bitcoin itself and the possibility of leaving a holder legally unprotected should anything go wrong has been one of the major concerns in the global market. Secondly in the eventuality of a hard drive crash, or if a virus corrupts your data and subsequently corrupts the wallet file, Bitcoin held on such wallet will be essentially been “lost” with no way to recovering it. The coins in context will then be forever orphaned in the system, therefore, increasing the chance of bankruptcy for a wealthy Bitcoin investor.

Pros and cons of Bitcoin


  • The most transparent financial system to date is Bitcoin. All over the planet, and where there is no banking system, you can make payments with Bitcoins 24/7.
  • With Bitcoins, foreign money transfers can be quicker and cheaper than with conventional banking and services.
  • Bitcoin is the only asset ever created that cannot be taken from you by force (if taken proper precautions). Often, BTC transactions are also not censorable, and no one can stop you from performing transactions.
  • Bitcoin also has valuable business features, such as multi-signature authorization and accounting transparency. Multi-signature ensures that many individuals need to sign off on an invoice, which provides more security. And the very existence of a blockchain, where all transactions are public, strengthens a company’s transparency.
  • Bitcoin is pseudonymous, and without any authentication or credit history, anyone can open their wallet through the internet. In under-banked regions and third world countries, it is particularly beneficial where most individuals are struggling to get access to capital.
  • Bitcoins can be spent on a desktop device, cell phone, or debit card in the same way you spend conventional digital money.
  • Bitcoins are deflationary, unlike fiat currencies, implying that their value is set to appreciate by default.
  • The most portable asset ever produced is Bitcoin, which can be transmitted via satellite or even radio.
  • Bitcoin has the most brand awareness, liquidity, the most integrated ecosystem, and most acceptance among numerous retailers and organizations compared to other cryptocurrencies.
  • For small fee, regular retail transactions such as buying tea, groceries, or simply tipping someone online, the Lightning Network can be used for this.
  • Bitcoin presents a programmable money principle that allows for more financial developments, such as “smart contracts.”
  • By providing an alternative to people who mistrust their government, certain institutions, politicians, or simply believe in the power of decentralization, Bitcoin disrupts the monopoly of capital.


  • When things go south, little or no regulatory oversight is needed.
  • Despite attempts to allow offline Bitcoin transfers, the use of the currency still depends largely on the availability of the internet.
  • As Bitcoin is still in progress, depending on mining efficiency and network congestion, the transaction speed and fees appear to differ.
  • Converting Bitcoins to fiat requires payments that are often expensive.
  • Bitcoins are not approved by many shops or service providers. The figure is rising, though.
  • Bitcoin transactions are immutable, which means there’s no way to bring them back once the money leaves your wallet. While several reputation management tools are being created, the thing with Bitcoin is that there is no “buyer’s protection.” Conversely, since accepting BTC removes the risk of fraudulent chargebacks, it may help merchants.
  • Many individuals are not prepared to assume full responsibility for their properties and are unable to safely handle their private keys. Beyond recovery, several private Bitcoin keys have been lost, thereby leading to Bitcoin’s deflation and value appreciation.
  • A steep learning curve is given by learning all the latest ins and outs of the Bitcoin ecosystem. In most Bitcoin applications, the user interface is still not foolproof, and the network is not ready to support anyone in the world.
  • Securing Bitcoin needs basic knowledge and understanding of cybersecurity. Although the network is practically unhackable, there are organizations and individuals that are trying to hack Bitcoin wallets.
  • Bitcoin’s central philosophy goes against the most influential institutions, governments, politics, banks, regulators, and censorship, and before these players can tolerate or approve it, it is likely to face a lot of opposition.

The future we project

According to Coindesk, some economic analysts expect that a big shift in cryptography is coming in January 2021, as institutional capital enters the market. There is also the possibility of floating crypto on the Nasdaq, which will further give prestige as an alternative traditional currency that is powered by the blockchain. Some expect that a regulated trading platform is all that crypto needs.

Any of the restrictions that cryptocurrencies currently face, such as the fact that a computer crash may delete one’s digital fortune, or that a hacker may ransack a virtual vault, may be resolved in time through technological advances. What is more difficult to solve is the underlying paradox of cryptocurrencies the more common they become, the more regulated government scrutiny. They are likely to be drawn, eroding the essential premise of their life.

While the number of merchants embracing cryptocurrencies has risen gradually, they are still very much in the minority. They must first gain widespread acceptance among consumers for cryptocurrencies to become more widely used. However, except for the technologically adept, their relative difficulty compared to traditional currencies would probably discourage most individuals.

A cryptocurrency that aspires to be part of the mainstream financial system may have to follow widely divergent requirements. It will have to be mathematically complex (to deter fraud and hacker attacks) but easy to understand for customers; And maintain user anonymity without becoming a backdoor for tax evasion, money laundering, and other nefarious activities; decentralized yet with sufficient customer protections and security. Since these are enormous requirements to meet, the most common cryptocurrency will probably have attributes in a few years between highly regulated fiat currencies and the cryptocurrency of today? Although that possibility looks distant, there is little doubt that the success (or lack thereof) of Bitcoin in coping with the difficulties it faces as the leading cryptocurrency at present will decide the fortunes of other cryptocurrencies in the years ahead.

It might be wise to handle your ‘investment’ in the same way you would treat any other highly risky enterprise if you are considering investing in cryptocurrencies. In other words, realize that you run the risk of losing the bulk, if not all, of your investment. As previously mentioned, aside from what a buyer is willing to pay for it at a point in time, a cryptocurrency has no intrinsic value and have your share in the digital economy.

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Orange One Finance unveils cheap loan facilities for individuals, businesses

Orange One has unveiled an array of financial products that would see the firm extend credit to the economy.



There is a sigh of relief for individuals and businesses, in need of cheap loans, after loan and asset financing firm, Orange One unveiled an array of financial products that would see the firm extend credit to the economy.

Managing Director of Orange-One Finance, Iyobosa Iyamu, listed six financial products on offer by the company, to meet the needs of its growing clientele base. They include, among others – Personal loan, Asset Finance, Working Capital Loan and Invoice Discounting Facility. Others are Local Purchase Order (LPO) Financing and Contract Finance. “We do engage our customers- individuals as well as SME’s – in building a beneficial relationship that helps us partner with them in achieving their financial and business goals,” Iyamu said.

The Orange-One boss disclosed that the company’s personal loan which ranges between N100, 000 and N4 million was targeted at meeting urgent needs of customers. The loan which is payable in a space of one year, is available to professionals in the banking sector or blue chip/multinational organisations. “This category of loans is secured by proof of employment and may not require collateral but will require a guarantor(s) depending on the amount,” she said.

The Asset Finance product of the company is an extended rental agreement where the asset financed belongs to the financier until the lease has been fully paid down through monthly lease payments. The client is required to make an equity contribution of at least 30 percent of the value of the asset to be purchased while the financier pays the balance. The tenure for asset finance is 12 – 24 months.

Iyamu said her company’s working capital facility is a loan that can be used to enhance business operations and increase the profitability of small and medium scale enterprises. This loan is available for businesses that have been in operation for at least 2 years.


Meanwhile, she noted that the current needs of the business and its ability to repay after enhancement of operating capital are critically evaluated. “While the business cash flow projections are important the historical assessment is equally critical for this category of loans. Businesses that keep records and bank proceeds stand a higher chance of accessing working capital/bridge finance to take the business to the next level. The tenure for this is usually 6 – 12 months.”

Iyamu added: “With our Invoice Discounting facility, we provide instant access to cash based on receivables of the organization. An invoice discounting facility makes cash available for jobs/contracts that have been successfully executed and it’s usually more flexible than a typical loan. The repayment is tied to the agreement subsisting between the issuer of the contract/purchase order and the contractor/supplier. Usually, only an agreed percentage of the invoice value is discounted.”

She added that the personal loan is accessible through the website:


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Q4 2020 Unaudited Report: Unilever Nigeria records 84% growth in Turnover 

The Unaudited interim report also indicates that the Company recorded Turnover of N61.6bn for the year ended 31st December 2020.



Unilever Nigeria

Unilever Nigeria Plc released its unaudited interim report for the quarter ended 31st December 2020. The Company recorded Turnover of N16.8 billion in the period under review which represents 84% topline growth compared to N9.1bn Turnover recorded in the corresponding quarter in 2019.

The result showed that the company recorded a gross profit of N3.9bn for the quarter ended 31st December 2020 relative to gross loss of N2.9bn reported for the quarter ended 31st December 2019.

READ: Japaul Oil & Maritime Services plans to invest in gold mining

Overall, profit after tax for the quarter ended 31st December 2020 was N468mn representing a turnaround from the loss after tax of N4.7bn reported for the corresponding period in 2019.

The Unaudited interim report also indicates that the Company recorded Turnover of N61.6bn for the year ended 31st December 2020 which reflects a marginal topline growth compared to N60.8bn reported for the year ended 31st December 2019. Loss after tax reduced to N1.6bn compared to loss after tax of N4.2bn recorded for the year ended 31st December 2019.


READ: AIICO Insurance observes closed period, as board of directors set to meet

Speaking on the results, the Corporate Affairs and Sustainable Business Director, ‘Soromidayo George stated that while 2020 was a year of significant disruptions and volatilities impacting the operating environment, Unilever Nigeria continues to build its resilience to navigate the impact of headwinds.

Mrs. George added that Unilever Nigeria remains focused on its strategy to deliver sustainable growth both in the medium and long-term riding on the pillars of operational efficiency, cost optimization, purposeful brands and increasing market share across key categories.

READ: C&I Leasing Plc announces buyout of Petrotech JV minority shareholders

“We will continue to monitor the business environment and respond appropriately to volatilities in the operating environment as well as disruptions from the COVID-19 pandemic,” she said.

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