Ann: FXL - Full Year 2020 Trading Update, page-113

CORRECTION should be $30k and not $30
they are not exactly same. at the moment, high rate of unemployment and bankruptcy. FXL provides a platform that allows people to borrow under $30k. many families cannot pay back as they lost jobs or businesses bankrupted. It is too expensive to file these cases in a court. Them become bad debts. $31m is for the provision that is more than a half of the income.

The platform differentiates itself by offering unsecured loans of up to $30,000 and actually charging fees to consumers. this portion of business may be different to APT, OPY, ......