There are just few changes in the Demo Portfolio. Last month three small loans are defaulted. Due to the fact that I raise my funds by 20 € each week there’s no change in the percent of defaults – rate stays at 15.2%. Next month this will change! There are already some loans more than 50 days late. Regarding my knowledge most of them will be defaulted in this month. So in the next report I expect a raise in the defaults.