How WHR Financing Works ?
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.
Step 1 :
Warehouse Onboarding
Whrrl onboards government/private warehouses and lenders on its blockchain platform. Partners can use Whrrl’s Partner App to onboard yourself.
Step 2 :
Slot Booking
The farmer/borrower logs into the mobile app and selects a nearby warehouse serving his/her needs and books a slot in the warehouse of choice.
Step 3 :
Depositing of Crop
Farmers bring their harvested crops to the warehouse where a quality
and quantity check is performed. After successful checking crop is deposited.
Step 4 :
Issuing of Tokenized WHR
A tokenized receipt (blockchain validated WHR) is given to the farmer
or a trader as proof of deposit once the crop has been placed in the warehouse.
Step 5 :
Apply for a Loan
The user chooses the relevant receipt for the loan they wish to
apply and applies for it using the app. The loan amount is credited
to the bank account.
