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Anses

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uuid0033kfn

Namestring
Anses
Legal namestring
Administración Nacional de la Seguridad Social
Websiteurl
anses.gob.ar
Company typeenum
Public
Founded yearstring
-
Descriptiontext

ANSES (Administración Nacional de la Seguridad Social) is Argentina's national social security administration, a decentralized government entity (organismo nacional descentralizado) under the executive branch that holds exclusive statutory authority to administer the country's pension system, family allowances, unemployment insurance, and related social security programs. It serves the full Argentine working population — formal and informal workers, monotributistas, domestic workers, retirees, pensioners, pregnant women, families with children, and unemployed workers — through a hybrid service model that combines approximately 400+ physical offices across all 23 Argentine provinces and CABA with a 24/7 digital ecosystem anchored on mi ANSES (web portal), the App mi ANSES mobile application, Atención Virtual (synchronous virtual attention 0–20h on business days), the Turnos nationwide appointment scheduling system, and the Clave de la Seguridad Social two-tier authentication framework.

The product portfolio centers on statutory benefit programs including Asignación Universal por Hijo (AUH), prenatal and maternity allowances (including the extended Maternidad Down allowance), birth/adoption family allowances, retirement and survivor pensions, Prestación por Desempleo, Progresar education assistance, Prestación Alimentar food assistance, Créditos ANSES loan facilities, Pensión Universal para Adultos Mayores (PUAM), Monotributo Social, Plan 1000 Días, and Obra Social (health insurance assignment via CODEM). Supporting services include Historia Laboral (work-history consultation), Constancia de CUIL issuance, and Certificación Negativa generation. The underlying technology is a conventional government digital-service platform: no public-facing API, SDK, or documented AI/ML capability exists, and the architecture is described as a portal-plus-channels model unified by the CUIL identifier and Clave credentials.

ANSES has no commercial revenue model — services are provided at no cost to citizens, funded through worker and employer social security contributions plus government budget allocations. The organization does not have shareholders, parent companies, or venture backing, and is not listed on any exchange. Strategic activity is therefore programmatic rather than commercial: continuous introduction of new benefit modules, periodic mobility-based adjustments to existing benefits (2.15% increase plus ARS 70,000 minimum-haber bonus announced for July 2026), and progressive digitization of citizen services.

Short descriptiontext

ANSES is Argentina's national social security administration, a government entity that administers pensions, family allowances, unemployment benefits, and other social programs for the Argentine population through a nationwide network of physical offices and digital channels (mi ANSES portal and mobile app).

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersMaisons-alfort, France
HQ citystring
Maisons-alfort
HQ countrystring
France
HQ regionstring
Europe
Markets served

Serves global market

Offices25 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
social security administration, pension benefits, family allowances, unemployment insurance, retirement pensions
Industry2 codes
1Government Program Administrative Services (Medicare/Medicaid ASO/TPA)
CodeHLAEALAOPrimaryYes
2Group Life Administration/Enrollment Platforms (TPA & Benefits Admin)
CodeFSAIADAJPrimaryNo
NAICS code2 codes
  • Individual and Family Services6241
  • Social Assistance624
SIC code2 codes
  • Services-Social Services8300
  • Life Insurance6311
Product category
Government Social Security Administration
Social media profiles2 records
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

ANSES is Argentina's national social security administration, a decentralized government entity that administers family allowances (such as the Universal Child Allowance), retirement and survivor pensions, unemployment benefits, maternity and prenatal allowances, education assistance (Progresar), food assistance, and low-interest credits for beneficiaries. It delivers these benefits through an extensive nationwide network of approximately 400+ physical offices combined with a 24/7 digital self-service portal (mi ANSES), a mobile application, a virtual attention channel, and a national appointment scheduling system (Turnos).

Differentiator
Functional benefit
Problem solved
Product overview1 text field

ANSES (Administración Nacional de la Seguridad Social) is Argentina's national social security administration offering a multi-channel service ecosystem. The core digital infrastructure comprises mi ANSES (24/7 self-service portal), the App mi ANSES (mobile application), Atención Virtual (virtual attention channel on business days), and the Turnos (appointment scheduling system). The product portfolio centers on social security benefits including: family allowances (Asignación Universal por Hijo, prenatal, maternity including Maternidad Down, birth/adoption, marriage), retirement and pension services (jubilaciones, pensiones, PUAM), unemployment insurance, education assistance (Progresar), food assistance (Prestación Alimentar), and credit programs (Créditos ANSES). Supporting services include Clave de la Seguridad Social (authentication credentials), Historia Laboral (contribution history), document services (Constancia CUIL, Certificación Negativa), and health insurance management (Obra Social/CODEM). The architecture is a platform-plus-channels model where the citizen-facing services unify around the mi ANSES portal and Clave credential system, with each benefit type representing a distinct product module.

Product and service19 records
1mi ANSES
CategoryDigital self-service portal
2App mi ANSES
CategoryMobile application
3Clave de la Seguridad Social
CategoryAuthentication service
4Atención Virtual
CategoryDigital service channel
5Turnos (Appointment Scheduling System)
CategoryAppointment service channel
6Asignación Universal por Hijo (AUH)
CategorySocial benefit program
7Asignación Familiar por Nacimiento y Adopción
CategorySocial benefit program
8Asignación por Maternidad
CategorySocial benefit program
9Asignación por Maternidad Down
CategorySocial benefit program
10Asignación Familiar por Prenatal
CategorySocial benefit program
11Prestación por Desempleo
CategorySocial benefit program
12Jubilaciones y Pensiones
CategorySocial benefit program
13Progresar
CategoryEducation benefit program
14Prestación Alimentar
CategorySocial benefit program
15Créditos ANSES
CategoryCredit program
16Monotributo Social
CategorySocial program
17Plan 1000 Días
CategoryHealth program
18Obra Social (CODEM)
CategoryHealthcare service
19Historia Laboral
CategoryConsultation service
Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

U.S. federal agency administering retirement, disability, survivor benefits, and SSI. Direct functional peer to ANSES as a national contributory social-security administrator with a single national portal (my Social Security) and nationwide field offices.

TypeDirect peer
Description

Germany's statutory pension insurance carrier administering retirement, rehabilitation, and survivor benefits through regional carriers and a unified online portal. Comparable to ANSES in mandatory contribution model and bi-lateral international agreements framework.

3Caisse Nationale d'Allocations Familiales (CNAF)
TypeEmerging player
Description

French family-allowance branch serving family benefits and pensions-relevant interactions via the CAF.fr portal and mobile app. Peer in that it is a contributory family-benefit administrator with strong self-service digital rails, although narrower in scope than ANSES (which also handles pensions and unemployment).

TypeBroad incumbent
Description

UK department administering State Pension, Universal Credit, and family benefits via the GOV.UK platform. Comparable in serving citizens across the lifecycle with parallel digital and offline channels.

TypeBroad incumbent
Description

Chile's private AFP system regulated by the Superintendencia de Pensiones, with state-run alternatives like DIPRECA. Indirect comparator: Chilean capitalization model offers a contrasting benchmark to Argentina's PAYG-administered system run by ANSES.

6Instituto Nacional de Seguridad Social (INPS) — Italy
TypeDirect peer
Description

Italy's unified social-security institute administering pensions, family allowances (ANF), and unemployment benefits through a national portal (INPS Mobile) and PATRONATI intermediary network. Closest European peer in terms of consolidated multi-benefit scope and field-network structure.

TypeBroad incumbent
Description

Australian federal benefits agency delivering family, unemployment, and pension payments through a unified MyGov account. Comparable in omni-channel (offices + app + portal) delivery to Australian citizens at national scale.

TypeDirect peer
Description

Colombia's public pension administrator administering PAYG/contributory benefits including family allowances. Comparable as a national social-security monopoly within a Latin American economy with mixed public-private pension architecture.

TypeDirect peer
Description

Spain's Tesorería General de la Seguridad Social, the contributory branch administering pensions, family benefits (prestaciones familiares), and unemployment via the SAME-cuenta platform. Closest European functional analog to ANSES, including import-of-contributions international agreements.

TypeDirect peer
Description

Mexico's federal social-security institute administering pensions, family allowances, and healthcare contributions. Comparable regional peer given mandatory enrollment, employer SUAF-like declarations, and digital self-service for affiliates.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment7 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Anses

Government Social Security Administrationanses.gob.ar

ANSES is Argentina's national social security administration, a government entity that administers pensions, family allowances, unemployment benefits, and other social programs for the Argentine population through a nationwide network of physical offices and digital channels (mi ANSES portal and mobile app).

What Anses does

ANSES (Administración Nacional de la Seguridad Social) is Argentina's national social security administration, a decentralized government entity (organismo nacional descentralizado) under the executive branch that holds exclusive statutory authority to administer the country's pension system, family allowances, unemployment insurance, and related social security programs. It serves the full Argentine working population — formal and informal workers, monotributistas, domestic workers, retirees, pensioners, pregnant women, families with children, and unemployed workers — through a hybrid service model that combines approximately 400+ physical offices across all 23 Argentine provinces and CABA with a 24/7 digital ecosystem anchored on mi ANSES (web portal), the App mi ANSES mobile application, Atención Virtual (synchronous virtual attention 0–20h on business days), the Turnos nationwide appointment scheduling system, and the Clave de la Seguridad Social two-tier authentication framework.

The product portfolio centers on statutory benefit programs including Asignación Universal por Hijo (AUH), prenatal and maternity allowances (including the extended Maternidad Down allowance), birth/adoption family allowances, retirement and survivor pensions, Prestación por Desempleo, Progresar education assistance, Prestación Alimentar food assistance, Créditos ANSES loan facilities, Pensión Universal para Adultos Mayores (PUAM), Monotributo Social, Plan 1000 Días, and Obra Social (health insurance assignment via CODEM). Supporting services include Historia Laboral (work-history consultation), Constancia de CUIL issuance, and Certificación Negativa generation. The underlying technology is a conventional government digital-service platform: no public-facing API, SDK, or documented AI/ML capability exists, and the architecture is described as a portal-plus-channels model unified by the CUIL identifier and Clave credentials.

ANSES has no commercial revenue model — services are provided at no cost to citizens, funded through worker and employer social security contributions plus government budget allocations. The organization does not have shareholders, parent companies, or venture backing, and is not listed on any exchange. Strategic activity is therefore programmatic rather than commercial: continuous introduction of new benefit modules, periodic mobility-based adjustments to existing benefits (2.15% increase plus ARS 70,000 minimum-haber bonus announced for July 2026), and progressive digitization of citizen services.

Anses firmographics

Firmographics
Name
Anses
Legal name
Administración Nacional de la Seguridad Social
Website
https://anses.gob.ar
Company type
Public
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
ANSES is Argentina's national social security administration, a government entity that administers pensions, family allowances, unemployment benefits, and other social programs for the Argentine population through a nationwide network of physical offices and digital channels (mi ANSES portal and mobile app).
Ownership category
akta.pro rank

Anses industry classification

Industry
Product category
Government Social Security Administration
NAICS
Individual and Family Services (6241), Social Assistance (624)
SIC
Services-Social Services (8300), Life Insurance (6311)
akta.pro primary industry
Government Program Administrative Services (Medicare/Medicaid ASO/TPA) (HLAEALAO)
akta.pro secondary industry
Group Life Administration/Enrollment Platforms (TPA & Benefits Admin) (FSAIADAJ)

Keywords

  • Social security administration
  • Pension benefits
  • Family allowances
  • Unemployment insurance
  • Retirement pensions

Where Anses is headquartered

Location

Headquarters

HQ city
Maisons-alfort
HQ country
France
HQ region
Europe

Offices25 records

Markets served

Anses business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Distribution channels5 records

Marketing channels3 records

Anses product offering

Product offering

Core offering

ANSES is Argentina's national social security administration, a decentralized government entity that administers family allowances (such as the Universal Child Allowance), retirement and survivor pensions, unemployment benefits, maternity and prenatal allowances, education assistance (Progresar), food assistance, and low-interest credits for beneficiaries. It delivers these benefits through an extensive nationwide network of approximately 400+ physical offices combined with a 24/7 digital self-service portal (mi ANSES), a mobile application, a virtual attention channel, and a national appointment scheduling system (Turnos).

Product overview

ANSES (Administración Nacional de la Seguridad Social) is Argentina's national social security administration offering a multi-channel service ecosystem. The core digital infrastructure comprises mi ANSES (24/7 self-service portal), the App mi ANSES (mobile application), Atención Virtual (virtual attention channel on business days), and the Turnos (appointment scheduling system). The product portfolio centers on social security benefits including: family allowances (Asignación Universal por Hijo, prenatal, maternity including Maternidad Down, birth/adoption, marriage), retirement and pension services (jubilaciones, pensiones, PUAM), unemployment insurance, education assistance (Progresar), food assistance (Prestación Alimentar), and credit programs (Créditos ANSES). Supporting services include Clave de la Seguridad Social (authentication credentials), Historia Laboral (contribution history), document services (Constancia CUIL, Certificación Negativa), and health insurance management (Obra Social/CODEM). The architecture is a platform-plus-channels model where the citizen-facing services unify around the mi ANSES portal and Clave credential system, with each benefit type representing a distinct product module.

Differentiator

Problem solved

Functional benefit

Products and services

  • mi ANSES
  • App mi ANSES
  • Clave de la Seguridad Social
  • Atención Virtual
  • Turnos (Appointment Scheduling System)
  • Asignación Universal por Hijo (AUH)
  • Asignación Familiar por Nacimiento y Adopción
  • Asignación por Maternidad
  • Asignación por Maternidad Down
  • Asignación Familiar por Prenatal
  • Prestación por Desempleo
  • Jubilaciones y Pensiones
  • Progresar
  • Prestación Alimentar
  • Créditos ANSES
  • Monotributo Social
  • Plan 1000 Días
  • Obra Social (CODEM)
  • Historia Laboral

Companies that use Anses

Customer profile

Segments7 records

Ideal customer profiles4 records

Anses technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Anses partnerships and signals

Strategic signal

Recent moves6 records

Expansion highlights5 records

Anses competitors and assessment

Company assessment

Direct peers

  • Social Security Administration (SSA): U.S. federal agency administering retirement, disability, survivor benefits, and SSI. Direct functional peer to ANSES as a national contributory social-security administrator with a single national portal (my Social Security) and nationwide field offices.
  • Deutsche Rentenversicherung: Germany's statutory pension insurance carrier administering retirement, rehabilitation, and survivor benefits through regional carriers and a unified online portal. Comparable to ANSES in mandatory contribution model and bi-lateral international agreements framework.
  • Instituto Nacional de Seguridad Social (INPS) — Italy: Italy's unified social-security institute administering pensions, family allowances (ANF), and unemployment benefits through a national portal (INPS Mobile) and PATRONATI intermediary network. Closest European peer in terms of consolidated multi-benefit scope and field-network structure.
  • Colpensiones: Colombia's public pension administrator administering PAYG/contributory benefits including family allowances. Comparable as a national social-security monopoly within a Latin American economy with mixed public-private pension architecture.
  • Seguridad Social (España) / TGSS: Spain's Tesorería General de la Seguridad Social, the contributory branch administering pensions, family benefits (prestaciones familiares), and unemployment via the SAME-cuenta platform. Closest European functional analog to ANSES, including import-of-contributions international agreements.
  • Instituto Mexicano del Seguro Social (IMSS): Mexico's federal social-security institute administering pensions, family allowances, and healthcare contributions. Comparable regional peer given mandatory enrollment, employer SUAF-like declarations, and digital self-service for affiliates.

Emerging players

  • Caisse Nationale d'Allocations Familiales (CNAF): French family-allowance branch serving family benefits and pensions-relevant interactions via the CAF.fr portal and mobile app. Peer in that it is a contributory family-benefit administrator with strong self-service digital rails, although narrower in scope than ANSES (which also handles pensions and unemployment).

Broad incumbents

  • Department for Work and Pensions (DWP): UK department administering State Pension, Universal Credit, and family benefits via the GOV.UK platform. Comparable in serving citizens across the lifecycle with parallel digital and offline channels.
  • Administradoras de Fondos de Pensiones (AFPs) — Chile: Chile's private AFP system regulated by the Superintendencia de Pensiones, with state-run alternatives like DIPRECA. Indirect comparator: Chilean capitalization model offers a contrasting benchmark to Argentina's PAYG-administered system run by ANSES.
  • Services Australia (formerly Centrelink): Australian federal benefits agency delivering family, unemployment, and pension payments through a unified MyGov account. Comparable in omni-channel (offices + app + portal) delivery to Australian citizens at national scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Anses social profiles

Digital presence

Anses financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Anses leadership team

Management profile

Number of profiles

Profiles1 record

Anses funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Anses M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anses

What does Anses do?

ANSES is Argentina's national social security administration, a decentralized government entity that administers family allowances (such as the Universal Child Allowance), retirement and survivor pensions, unemployment benefits, maternity and prenatal allowances, education assistance (Progresar), food assistance, and low-interest credits for beneficiaries. It delivers these benefits through an extensive nationwide network of approximately 400+ physical offices combined with a 24/7 digital self-service portal (mi ANSES), a mobile application, a virtual attention channel, and a national appointment scheduling system (Turnos).

Is Anses a public or private company?

Anses is a public company. It is classified as state government owned and is currently operating.

When was Anses founded?

Anses was founded in -1. It employs 5,001 to 10,000 people.

Where is Anses based?

Anses is headquartered in Maisons-alfort, France, in the Europe region.

Who are Anses's main competitors?

Direct peers on record are Social Security Administration (SSA), Deutsche Rentenversicherung, Instituto Nacional de Seguridad Social (INPS) — Italy, Colpensiones, Seguridad Social (España) / TGSS and Instituto Mexicano del Seguro Social (IMSS). Caisse Nationale d'Allocations Familiales (CNAF) is listed as an emerging player. Broad incumbents are Department for Work and Pensions (DWP), Administradoras de Fondos de Pensiones (AFPs) — Chile and Services Australia (formerly Centrelink).

Does Anses have an API?

No public API is recorded for Anses.

What industry is Anses in?

Anses's product category is Government Social Security Administration. Its primary akta.pro industry code is HLAEALAO, Government Program Administrative Services (Medicare/Medicaid ASO/TPA), with a secondary code of FSAIADAJ, Group Life Administration/Enrollment Platforms (TPA & Benefits Admin). Its NAICS code is 6241 and its SIC code is 8300.

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Live signals
LA NACIONCalendario Anses: comienza el pago de las prestaciones sociales que se cobran en la semana del 12 al 16 de octubreAnses will pay social benefits for the week of October 12-16, starting Tuesday, October 13, due to the Monday holiday. The benefits include pensions, AUH, and family allowances, with a 1.66% adjustment reflecting August's 1.7% inflation. Payment dates vary by document number.AmbitoCómo recuperar la Clave de Seguridad Social de ANSES en apenas 4 pasosANSES allows users to create or recover their Social Security key via the mi ANSES app, using CUIL, DNI scan, and biometric validation. The key serves as a personal password for digital services, and the process is free. Passwords must be 8-15 characters, mixing letters and numbers with at least one uppercase.LA NACIONCalendario de pagos de Anses: cuándo se cobra la PUAM de octubre de 2026Anses published the October 2026 payment schedule for the PUAM pension, with dates based on the last digit of the beneficiary's DNI. The pension received a 1.66% increase, and the $70,000 bonus is included, bringing the total to $418,598.80 for the PUAM.LA NACIONAnses: cuándo cobro la jubilación de octubre si mi DNI termina en 3Anses sets October payment dates for retirees: DNI ending in 3 receive minimum benefits on Oct 14, PNC on Oct 9, and higher benefits on Oct 26. The 1.66% increase follows August's 1.7% inflation, with the minimum benefit at $435,748.51 and the bonus at $70,000.AmbitoAUH de ANSES en octubre 2026: cuánto cobro en mano tras el descuento del 20%ANSES updated the Asignación Universal por Hijo for October 2026, raising the general value by 1.66% to $156,588 per child, with Zone 1 at $203,565. The monthly payment is 80% of the total, leaving 20% as a deferred complement. The disability allowance also increased, with Zone 1 at $662,822 per child.LA NACIONFecha de cobro de Anses: el cronograma de pagos para este viernes 9 de octubreAnses continues its October payment schedule on Friday, Oct 9, paying retirees, pensioners, and families. Benefits are adjusted by 1.66% to match August's 1.7% inflation, with amounts varying by DNI ending. Beneficiaries can check their specific payment date via the official website.LA NACIONAnses: cuándo cobro la jubilación de octubre si mi DNI termina en 4Anses sets October payment dates for retirees: DNI ending in 4 receive minimum benefits on Oct 15, PNC on Oct 13, and higher benefits on Oct 27. The 1.66% adjustment follows August's 1.7% inflation, with the minimum pension at $435,748.51 and a $70,000 bonus.LA NACIONCalendario PNC de la Anses: cuándo se cobran las Pensiones no Contributivas de octubre 2026Anses will pay non-contributory pensions (PNC) in October 2026, with payments from October 8 to 15 depending on the last two digits of the DNI. The pensions increase by 1.66% to match August's 1.7% inflation, and a $70,000 bonus is added to the minimum pension, raising the total to $505,748.51.AmbitoBeneficios ANSES en supermercados: cómo ahorrar hasta un 25% en compras en octubreANSES retirees and pensioners receive discounts at supermarkets in October, with rebates ranging from 10% to 15% and up to 25% when combined with bank promotions. Conditions vary by store, day, payment method, and bank, with some chains like Josimar and Toledo offering 15% off on specific days.AmbitoCréditos hipotecarios con fondos de ANSES ya permiten comprar viviendas a una tasa del 6,5% más UVABanco Ciudad approved 184 mortgage loans totaling $15.355 million and closed the first 50 deeds for a line financed by ANSES's FGS fund. The line offers up to $150 million at a fixed 6.5% TNA, with average credit of $84 million and average down payment of $550,000. Remaining disbursements are scheduled for October.