Adhyemabln Unveils MISIKA to Turn Mobile Money Data Into MSME Credit

Story by Fada Amakye

Ghana’s MSMEs may soon access formal bank loans based on their mobile money activity, not just collateral or paperwork.

Managing Director of Adehyeman Savings & Loans, Joe Emmim, has unveiled *MISIKA*, a new three-way partnership designed to convert real-time mobile money transactions into credit. He described it as “a new kind of finance” built to fund real businesses at scale.

Speaking at the launch in Accra, Mr. Emmim said the country’s business ecosystem and labour market need a model that fuses data, technology, and capital. “The future of business lending at scale belongs to those who can combine data, technology, and capital in one coherent system. No single institution can do this alone,” he stated.

At the heart of MISIKA is what Mr. Emmim calls a “closed loop system” powered by three partners, each with a distinct role.

As the licensed lender, Adhyeman holds the balance sheet and manages credit risk. “Our job is to turn insights into actual loans, ensure that growth in lending is sustainable and compliant, and build long-term relationships with customers who use MISIKA,” Mr. Emmim said. The institution brings decades of experience financing Ghanaian micro, small and medium enterprises.

MMFL provides the digital infrastructure used daily by tens of thousands of businesses. It generates real-time transaction data that reflects actual business performance, while ensuring strict data governance. MMFL also powers digital onboarding, communication, disbursement, and repayment channels.

Loop DFS serves as the technology and underwriting engine. It ingests and processes Mobile Money Limited transaction data, applies analytics and rules, and generates risk and capacity assessments. “Loop provides the platform that connects data to decision, translating behavior into credit signals and running the IT backbone for MISIKA to operate reliably at scale,” Emmim explained.

Together, these three create a closed loop system: data from mobile money goes into analysis by Loop DFS, credit decision by Adhyemabln, and then to the business activity. With that we generate more data and better models. That is the MISICA engine,” he added.

“Inclusion at the base, bringing businesses that were previously too informal, too small, or too thinly documented into the formal credit space using their digital behavior as proof. And deepening in the middle and at the top, providing better fitting finance to businesses that already have some assets, but whose true capacity and risk are better understood through their digital trail.

He illustrated how it would work: a micro retailer can start with a modest MISICA facility and build a formal credit history; a growing SME can access a working capital line that adjusts with its transaction volumes; and a larger enterprise can use MISICA-style analytics for cash management and financing strategy.

The underlying philosophy is: if you are doing real business on the mobile money rails, MISIKA will work to ensure that activity is recognized and supported by Adhyemabln’s capital, guided by Loop’s intelligence,” he said.

Closing his remarks, Mr. Emmim called MISIKA “a prototype for the future of credit” and said it shows how data, technology and capital can serve the entire pyramid of Ghanaian businesses.

Adehyeman said it will share more details on MISICA’s collective projects and rollout plans in a follow-up session with stakeholders.

If successful, MISIKA could mark a major shift for Ghana’s financial sector, giving millions of informal and digital-first businesses a pathway to formal, data-driven credit.