Baobab Labs · Stellar Wave
Your harvest is
collateral. Prove it.
A warehouse receipt for stored crop should be worth something to a lender — anywhere. FarmChain Receipts turns a paper slip that nobody can verify remotely into an on-chain record anyone can check instantly.
The mechanism
From stored crop to funded loan, in five steps
-
01
Crop stored, receipt issued
A warehouse operator records crop type, quantity, grade, and location as an on-chain receipt tied to the farmer.
-
02
Receipt verifiable by anyone
A lender in Lagos or London can check the receipt's authenticity instantly — no phone call to the warehouse required.
-
03
Farmer requests a loan
The farmer locks the receipt as collateral and requests financing in USDC against it.
-
04
Lender funds it
Funds settle directly to the farmer — in seconds, from anywhere in the world.
-
05
Repay, or the lender claims collateral
On-time repayment unlocks the receipt. If the due date passes unpaid, the lender can claim the underlying collateral — enforced by the contract, not a court.
Why not a bank loan officer
Because a $200 loan against 200kg
of maize isn't worth a branch visit
Traditional agricultural lending has fixed overhead per loan — site visits, paperwork, underwriting — that makes small-ticket loans unprofitable to originate. A verifiable on-chain receipt removes most of that overhead.