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 themselves.

Step 2 :
Slot Booking

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.

Step 3 :
Crop Deposit

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.

Step 4 :
Tokenize WHR Issuance

A tokenized receipt (blockchain validated WHR) is given to the farmer as proof of deposit once the crop has been stored in the warehouse.

Step 5 :
Digital Lending

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.

Step 6 :
Commodity Trade

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.

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