Pot Concept - Financement d'actifs de production agricole — 11.0%/an · 12 mois

Plateforme · 14.0/25

A1 · Statut réglementaire 8.0/8✓ max

A2 · Track Record 1.0/6faible

Default 7.47% → tranche 7-15% → 1.5 pts
Delay >90 days: N/C → 0 pt
Actual return vs announced: N/C → 0 pt
A2 = (1.5×0.5)+(0×0.3)+(0×0.2) = 0.75 ≈ 1
Statistics partially published (loss rate 0.79% available), penalty -2 pts not triggered as partial data published

A3 · Rigueur de sélection 1.0/4faible

A4 · Santé financière 3.0/4bon

Independent platform active since April 2016 (>8 years), agrément AMF licence obtained
No distress signal identified
AUM and solvency data unavailable but no platform incident reported
3 pts: independent, established, without negative signal

A5 · Protection investisseurs 1.0/3faible

agrément AMF licence legally guarantees 4-day reflection period and continuity plan → 1 pt mandatory minimum
Investor dashboard mentioned as updated
Segregated accounts and secondary market not documented in available data

Projet · 42.0/75

B1 · Instrument & Structure 8.0/10bon

B1.1: 5/5 - Direct loan fixed rate 11%, French law

B1.2: 2/3 - Direct borrowing operator (EARL), well documented French law

B1.3: 1/2 - No known senior debt, de facto priority rank not registered

B2 · Opérateur & Track record 7.0/15faible

B2.1: 4/4 - Ibrahim Abdallah appointed, manager since 2016, identifiable

B2.2: 2/5 - EARL created 2011, documented growth, no extended AGRI history

B2.3: 0/3 - First operation on this platform

B2.4: 1/3 - No known proceeding; negative economic asset (-2323K€) and general liquidity 0.2 concerning

B3 · Garanties & Sûretés 8.0/15

B3.1: 6/9 - Payment delegation on subsidy (certain expected claim) plus non-notarised personal guarantee of manager

B3.2: 1/4 - Manager asset base not formally evaluated, signed asset sheet but not quantified

B3.3: 1/2 - No banking partner; project <2M€ therefore no RF2

B4 · Structure financière 6.0/15faible

B4.1: 3/5 - Loan-to-Value (ratio prêt/valeur actif) on collateral not calculable; land and equipment mentioned, partial AGRI land registration

B4.2: 3/4 - Own funds committed 219K€ against need 469K€ ≈ 47%, own collateral category substantial

B4.3: 0/4 - No stress test presented, Loan-to-Cost (ratio prêt/coût total)/Loan-to-Value (ratio prêt/valeur actif) >60% estimated

B4.4: 0/2 - Liquidity ratio 0.2 (<1.0), cash position very tight

B5 · Pré-commercialisation 6.0/10

AGRI class: stable activity history (revenue 664K→993K€), profitability recovered 2025
No harvest sale contracts signed but business volume identified on public markets
Score 6/10: stable history, correct visibility, no formalised contracts

B6 · Permis & Maturité 5.0/5✓ max

AGRI/SME-NBFI class: activity established since 2011 (>2 years), sound EARL legal structure, legal documents in order (bylaws, accounts provided)

B7 · Marché & Localisation 2.0/3

Agricultural market Mayotte/France rising, strong public support (+46% investment 2023-2024)
Climate risks in Mayotte and subsidy dependency moderate
Score 2/3: established market in growth, island location with specific risks

Points forts

✓Strong revenue growth (664K→993K€) and profitability recovered in 2025.

✓Payment delegation on subsidy: mechanism securing repayment.

✓Identified operator, manager since 2011, documented local expertise.

✓Agricultural market rising with massive public support (+46% investment).

✓Borrower insurance for death/disability provided for capital amount.

Risques identifiés

!General liquidity ratio 0.2 - far below critical threshold of 1.0.

!Subsidy not yet disbursed: repayment conditional on administrative contingency.

!Negative economic asset (-2323K€) and nearly 2M€ of receivables to collect.

!Non-notarised personal guarantee, manager asset base not formally evaluated.

!Recent Kbis, RBE and activity forecast absent from file.