Thank you, Mr. Chair.
I want to just quickly talk about something I saw in your report and your discussions with respect to the financial viabilities of AFIs. You're talking about 10% for administration, 6% for losses, so there's this 7% gap. Are you saying that most AFIs are operating at a loss and have a 7% loss on an annualized basis? If so, what's the basis for that loss? Is it unrepaid loans, higher overhead, interest rates that aren't market rate?
What would be the reason for that?