The programme.
TSCF is a structured commodity finance facility connecting independent commodity traders in Northern Ghana with institutional bank capital. Senior secured. First in the waterfall. Self-liquidating per trade. Built to bank standard.
Three counterparties. One verified trade.
TSCF—D, the domestic variant, in one frame. Independent trader borrows from the bank, buys from the aggregator, sells to a blue-chip offtaker. Miziba operates the verification, escrow, and atomic settlement layer between them.
Independent trader
Borrows 65% TSCF from bank. Contributes 35% own equity. Buys verified commodity at hub. Sells to blue-chip buyer.
Bank facility
Funds against verified loading. Bank-consigned BL on TSCF—X. Cross-escrow. Senior secured. Self-liquidating in 22–37 days.
Buyer pays escrow
Buyer settlement triggers atomic five-tier waterfall: bank principal, bank fee, Miziba structuring, monitoring, trader margin.
One structure. Three operating modes.
The TSCF architecture supports three product variants, each calibrated for different trade flows and counterparty arrangements. The protection cascade and waterfall logic remain constant; only the trade lifecycle and tenor change.
TSCF—D
GHS-denominated trade with domestic blue-chip offtakers. 22–30 day cycle. Buyer pays into ringfenced TSCF Escrow Account upon delivery. The default product for pilot facilities.
TSCF—P
Buyer pre-funded variants where blue-chip buyers prepay against verified loading. Reduced tenor risk. Used where buyer has institutional standing and treasury capacity for pre-fund.
TSCF—X
Export trade in USD or GHS with 37-day tenor and bank-consigned bills of lading. Used for cashew, shea, and sesame export corridors. EUDR-compliant traceability stack on European corridor trades.
Senior secured. First in the waterfall.
The atomic five-tier settlement waterfall pays bank principal first, before any other claim. The order is enforced in code, not in faith.
Per USD 1 of concessional capital.
The TSCF structure converts DFI guarantee capital into commercial bank deployment that would not otherwise occur at smallholder scale — which channels working capital into farmer hands across the procurement cycle.
DFI guarantee capital. Risk-share at Layer 7 of the protection cascade.
Commercial bank deployment. 1:8 ratio at typical guarantee level. Self-liquidating per trade.
Annual farmer payments at 3.5x cycle turnover. Mobile money. Same-day settlement at hub.
For capital partners and counterparties.
The bank flier, DFI guarantee partner flier, DFI impact flier, buyer stakeholder flier, and master pitch deck are available in the institutional reference library. Direct enquiries to partnerships@miziba.com.