VAARTA · Ignite The BuildThe Business Under Our Nose

AgriCreditERP Suite

An agricultural ERP that turns the records a venture already keeps into a credit file a bank can lend against.

Aardik Acharya, Asim Upadhya, Aayush Shah, Bipin Sapkota
one missing document
The farmer

Needs NPR 45,000 of inputs at the right week.

No land title, no bank statement, no credit record.

The agri-business

Advances seed and fertiliser to its growers already.

Carries that risk on paper registers, with no way to price it.

The lender

Must hold 10% of loans in agriculture. Has no discretion.

No applicant arrives with a file that can be underwritten.

Three parties, one missing document

Everyone wants the same transaction. Nobody can evidence it.

23.5% of the banking system's non-performing loans are agricultural — the largest share of any sector. What is missing is a basis for choosing between borrowers.

What the venture already records
01The lease it granted him, and the years left on it
02 The contract it signed — crop, area, committed quantity
03 The seed and fertiliser it issued, to his plot, on a date
04 The work done in his field, recorded on the day
05 What he delivered last season, weighed at its own gate
06 What grade that delivery was, and whether it was on time
What no bank has today

The same entries, made with a date, a plot and a crop attached, become a credit file: production planned against production delivered, quality, timing, cost on the standing crop.

Those entries are already made — in registers and spreadsheets, so they never add up to anything a lender can read.

We are not collecting new data. We are making existing data legible.

The evidence already exists.Nobody adds it up.A venture that contracts a farmer knows more about him than any bank ever will.

What we build build

Four layers. Each one is useful without the ones above it. Each further layer is a decision, not an obligation.

01 The ERP

Land, leases, contracts, planning, procurement, inventory, cold store, field work, yield capture, grading, sales

02 Risk and insurance

Cover bound before sowing; claims raised from the field record

03 The credit engine

Plan against delivery, quality mix, guarantee — a score, a band, a limit

04 The bank link

The credit file to a lender, with consent. A loan on the farmer's phone

Nine scope areasFarmer and land Contracts and planning Inputs and field operations Harvest, storage, traceability Sales and receivables Credit scoring and lending Insurance and risk Bank integration Platform and reporting

How a farmer is scored

Six checks, read from records the venture already keeps. No bureau file.

Tenure 180
Yield history 225
Crop calendar 135
Delivery record 180
Forward order 135
Group standing 45
Total - 900 points Band A - 630+ lends 70% of the assessed base Band B - 540–629 lends 60% Band C - 405–539 lends 45%

Lending percentage applies to the assessed base for the farmer's band.

Delivery is three facts, not one

A maize contract commits 20 tonnes. He delivers 20: 15 at contract grade, 5 off-grade, inside the window.

Quantity passes in full. Timing passes. The 5 tonnes off-grade count at the weight set for maize — not zero, not full.

Why per crop?

Off-grade maize still sells at a lower price. Off-grade tomato may be unsaleable. The weight is a parameter the credit committee sets.

The farmer nobody can assess

Category A

Has a bank account with history and financial records of his own. Assessed on his documents, plus the venture's record of him.

Category B

Nothing on paper anywhere. Assessed entirely on the venture's record of him — which is why that record has to be created in the first place.

An unknown farmer walks in
DAY ONE

Identity, referees, GPS-verified plot. Lease and contract.

Lease and contract. No credit.

SEASON 1

Contract signed, venture guarantee.

Starter route: flat 50%, capped NPR 35,000, as goods.

SEASON 2

One delivery record — quantity, grade, timing.

A band and a proper limit.

SEASON 3+

Three seasons of history.

A credit history a bank lends against on its own.

The first loan is never cash. It is seed, fertiliser and a ploughing service, redeemed at named suppliers — and he farms the venture's own leased land.

Category B is the majority — and the reason the project is worth doing.

The financial case

Four revenue lines from three payers, so no single one carries the case.

NPR 10.23m

First-year build and pilot. Four people, devices, one field season.

NPR 7,270

Contribution per enrolled plot, per year, after direct cost.

~1,400 plots

Payback. The pilot alone is modelled to average 1,500 plots live.

Where the NPR 11,850 of revenue per plot comes from
The Business Under Our Nose
Revenue line Basis NPR Who pays Platform fee NPR 1,200 × 2 crop cycles 2,400 The agricultural business Credit origination fee 1% of the NPR 45,000 package 450 The lender Margin on input packages 8% of the NPR 45,000 package 3,600 Earned on goods supplied Margin on aggregated produce 3% of NPR 180,000 sold 5,400 Earned on produce sold
The lender carries the credit loss, not us. Our provision covers collection cost and the residual risk on packages issued before a lender is in place.

What we are asking for

We are not building a lending app. We are building the record that makes a farmer lendable — and handing it to a bank that is already obliged to lend.

12 months Build and pilot on the Group's own farms. Phases 1 and 2 — the operating record, complete and reconciling against the ledger.
One partner The Agricultural Development Bank. Statutory rural credit mandate, 51% government owned, 279 branches.
One gate Proceed to the credit engine only if crop valuation reconciles against the finance ledger and a lender accepts the file format.