Awaa crowdfunds loans for borrowers in countries all over Africa, who are often financially excluded and can’t access other fair and affordable sources of credit. Morocco, awaa’s head quarters, we crowdfunds loans for borrowers who are either financially excluded or creating social impact in their communities.
Awaa  borrowers work in many industries. They may be farmers, artisans, students, shopkeepers, or restaurant owners. Many Awaa borrowers work multiple jobs to generate enough income to support their families.
Awaa Field Partners and Trustees help identify and vet borrowers whose loans will be crowdfunded on Awaa. If you’re in Morocco or any part of Africa, and you’re interested in applying for a loan learn more at our borrower portal.

No, Awaa crowdfunds loans so there are many individual lenders who come together to contribute to each successful loan. You can lend $50 or more to a borrower to help them reach their goal, and you can see the other lenders who supported that borrower at the bottom of the loan profile.

Our loans have a historical repayment rate of about 97% (this number fluctuates slightly so check Our homepage for the current rate). Awaa does not guarantee repayment for any loans crowdfunded on their website.
Past repayment performance does not guarantee future results, and we lenders should be aware of the different layers of risk (such as borrower risk, country risk and currency risk) that could lead to losing some or all of the lender’s principal. 

Depending on the type of loan, a local Field Partner or the borrower uploads the details for each loan into the system. Our worldwide network of volunteers then helps to edit and translate loans before they go live on the website for lenders to crowdfund.

Individual awaa lenders do not receive interest from loans they support with us. Awaa does not collect interest from borrowers, but does charge select field partners small service fees in connection with the funds they raise on our website. We carefully assesses and monitors each partnership to ensure that lender funding enables partners to serve more borrowers at lower costs everywhere we work.

We cover most of our operating costs through voluntary donations made by awaa lenders. The remainder of our costs are covered through grants and donations from foundations and supporters. Additionally, select Field Partners contribute small platform fees as we continue building innovative technologies that help create a more financially inclusive world for women with the zeal to grow and take responsibilities for them selves. Awaa never takes a fee from lenders. 100% of funds lent on awaa go to funding loans.

Loan funds reach borrowers through our Field Partners, or through the money transfer from our payment gateways.

For most loans on awaa, our local Field Partners are responsible for distributing the funds to borrowers. Depending on the Field Partner, the funds may be given to each borrower before, during or after the individual loan is posted on awaa. Most partners give the funds out before the loan is posted (what we call pre-disbursal) because it allows borrowers to use the funds immediately. So when a lender supports a partner loan on awaa, the borrower may already have those funds in hand. However, support for that loan is still needed and as the borrower makes repayments, they’re passed along to the specific awaa lenders who supported the loan.

For direct loans, once the loan is fully crowdfunded on awaa, funds are transmitted to the borrower.

Usually, loans on Awaa has 30 days to successfully fundraise. But in most cases, if a loan doesn’t fully fund on awaa, the individual borrower is not directly affected. That’s because most of our Field Partners give borrowers access to credit before posting their loans on the awaa website (what we call pre-disbursal), so the borrower can use the funds immediately.

The crowdfunded money raised on awaa is used to back fill the loan amount, and when the borrower makes repayments they’re passed along to the specific awaa lenders who supported the loan. There are 2 funding models on awaa:

Fixed: the total loan amount must be raised in order for funds to be sent to the Field Partner. If the loan is not funded in full within the fundraising period, the loan will expire and any funds raised will be returned to lenders’ awaa accounts.

Flexible: any funds raised within 30 days will be passed along to the Field Partner facilitating the loan and they will come up with other sources of funding to cover the rest of the loan amount.

There are a few situations where borrowers are directly affected and won’t receive their loan if it doesn’t fund on awaa. This happens with direct loans and partner loans that are not pre-disbursed, which have a fixed funding model.

We know it can be hard to see some loans miss their funding goals, which is why we’ve expanded the funding options and are working hard to reach new lenders who can help create more positive impact.

If a borrower is behind on paying back a loan, the Field Partner or awaa  (in the case of a direct loan) may try to reschedule repayments on the delinquent loan in order to make it possible for the borrower to eventually repay. This is common practice in micro-lending.

But sometimes, even with these efforts to be flexible, borrowers simply can’t repay and loans end in default. When an awaa loan defaults, we notify all contributing lenders by email and these lenders can consider the remaining amount outstanding as a loss. Field Partners may decide not to lend to a specific individual again if they aren’t able to repay, and in the case of direct loans, borrowers can’t apply for another loan on awaa unless they’ve repaid previous loans.

Awaa is able to reach more borrowers and some of the most remote places in the world through our global network of Field Partners. These partners are local organizations working in communities to vet borrowers, provide services and administer loans.

Our Field Partners are nonprofit organizations, micro-finance institutions, schools, social enterprises and more. Many provide services with their loans, such as entrepreneurial training and literacy skills. Field Partners all share one thing in common: the desire to improve people’s lives through safe, fair access to credit.