Today we made two modifications to the credit limit for loans under $200: The base loan size increase rate for loans of less than $200 is reduced from 300% before, to 200% now. (For example, upon successfully repaying a $100 loan, the base credit limit will now increase to $200 rather than $300.) The maximum loan amount for invited members is reduced from $150 before, to $100 now. All other credit limit parameters, including the standard 150% increase rate for loans over $200, remain unchanged. The purposes of these modifications are: To limit credit risk for our lenders To better prevent over-indebtedness for our borrowers To improve our borrowers' chances of having their applications fully funded We may make further adjustments of the credit limit parameters in order to optimize funding and repayment rates in our community. That said, we will continue to uphold the principle that all borrowers who repay loans on time will be able to raise a new loan at least as large as the ones they have repaid (and if the on-time repayment score is high enough, the new loan limit will normally be higher). I'd be happy to respond to questions here.