Tranche lending and borrowing for agriculture
This smart contract enable farmers to borrow at the fixed-rate and enable investors to get a interest at the fixed-rate
About
The problem it solves There is a problem in agriculture sector (especially, in developing countries) that it's difficult for small farmers to access financial product (such as borrowing money for their business). Even if they can access financial product, they often need to repay extremely high interest rates. (include the case of traditional micro finance). This smart contract aim to solve the problem above.
How it's made
Challenges we ran into Applying bond tranche scheme into smart contract.