Whrrl provides a blockchain-based platform that connects farmers, warehouses, and banks,
enabling farmers to secure instant loans against their stored crops and avoid distress sales.
Whrrl onboards government/private warehouses and lenders on its blockchain platform. Partners can use Whrrl’s Partner App to onboard themselves.
The farmer/borrower logs into the Anndhan mobile app and selects a nearby warehouse serving his/her needs. They books a storage slot in the warehouse of there choice.
Farmers bring their harvested crops to the warehouse where quality and quantity check is performed. After successful sample checks and assaying, the harvested crop is deposited in the warehouses.
A tokenized receipt (blockchain validated WHR) is given to the farmer as proof of deposit once the crop has been stored in the warehouse.
Using the Anndhan mobile app the farmer applies for warehouse receipt finance to the bank of his/her choice. The loan application is digitally approved and loan amount is credited directly to the bank account of the farmer.
The Anndhan mobile app also acts as a marketplace connecting farmers, aggregators, traders, and processors. Farmers can sell their stored commodities to buyers across the globe through a simple transfer of their tokenized WHR.