A six-year, zero-default track record — restructured to be bankable.
How Miziba Trade turned a proven agricultural aggregation business in Northern Ghana into asset-verified, self-liquidating trade finance a bank can lend into with confidence.
The business already worked. The financing structure did not.
The anchor aggregator had spent years building what most agricultural lenders wish existed: a registry of smallholder farmers, reliable offtake relationships, and a clean, audited record of moving commodity at scale — without a single default. The constraint was never the trade. It was that no bank could see far enough into it to lend safely.
Traditional agricultural lending finances procurement — money advanced against commodity that may or may not materialise, at a quality that may or may not hold, to a buyer who may or may not pay. That is precisely the risk a bank should never carry.
Miziba's answer was to move the bank's exposure to the one moment the trade is already de-risked — and not a cedi before.
Replace with real photography
Ten thousand farmers, one verified chain of custody.
Commodity aggregated, weighed and graded at TradePoint hubs, then moved under GPS and human escort to a committed offtaker.
What Miziba changed
The trade stayed the same. The structure around it became something a regulated lender could underwrite.
Capital against a certificate
Advances release only against a verified Loading Certificate — commodity received, weighed, graded, insured and loaded. Everything upstream stays the aggregator's own risk.
Trader first-loss equity
The trader posts substantial first-loss capital into escrow before any drawdown — absorbing loss ahead of the bank, not behind it.
Bank repaid first
The offtaker pays into one ring-fenced settlement account, and proceeds distribute in a fixed order: the bank's principal recovers in full before anyone else is paid.
The result
Unsecured procurement exposure became asset-verified, self-liquidating trade finance — visible to the bank in real time, repaying from the trade itself, and revolving several times across a single harvest season. Programme cash never passes through the trader.
For the aggregator, the same trade now carries a structure institutions recognise. For the bank, the question shifts from "do we trust this borrower?" to "is the certificate valid and the waterfall enforced?" — a question the infrastructure answers automatically.
Self-liquidating
Repayment comes from the offtaker's payment into the settlement account — not from the borrower's balance sheet.
Real-time visibility
Escrow, loading and settlement events are visible to the bank as they happen, through a partner portal.
Ring-fenced & audited
An independent SPV director and separate audit firms across borrower, SPV and operator, with related parties disclosed in full.
One verification primitive, proven in one market — now ready to be financed at institutional scale.