The improvement in bad debt was a consequence of strengthening our risk models on new cohorts, while at the same time intensifying and improving our collection efforts.We continue moving forward with our credit product rollout throughout the region. In Argentina, we launched personal loans, where users can solicit a credit line from MercadoLibre not associated with a specific product purchase. In Mexico, we launched consumer credits with encouraging results as the product already accounted for 32% of originations in that country. We've also continued expanding funding sources for our credits business during the quarter. In order to be able to further scale these business without using our own balance sheet, in Argentina, we've securitized our first consumer credit trust, while in Mexico we launched our first trust with Goldman Sachs to fund our merchant credit loans.