ALLOWANCE FOR LOAN LOSSES (Tables)

6 Months Ended

Sep. 30, 2013

Receivables [Abstract]

Summary of changes in the allowance for loan losses

The following is a summary of the changes in the allowance for loan losses for the periods indicated:

	Three months ended September 30,					Six months ended September 30,
	2013			2012		2013			2012
Balance at beginning of period	$	61,630,967		55,670,131		$	59,980,842		54,507,299
Provision for loan losses	38,187,649			32,401,664		66,890,842			56,016,554
Loan losses	(35,261,797		)	(29,711,502	)	(65,375,871		)	(54,918,604	)
Recoveries	3,135,796			2,785,824		6,447,978			5,721,438
Translation adjustment	(84,610		)	182,660		(335,786		)	2,090
Balance at end of period	$	67,608,005		61,328,777		$	67,608,005		61,328,777

Summary of loans individually and collectively evaluated for impairment

The following is a summary of loans individually and collectively evaluated for impairment for the period indicated:

September 30, 2013	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Bankruptcy, gross loans	$	6,437,259		—		6,437,259
91 days or more delinquent, excluding bankruptcy	28,646,649			—		28,646,649
Loans less than 91 days delinquent and not in bankruptcy	—			1,128,153,780		1,128,153,780
Gross loan balance	35,083,908			1,128,153,780		1,163,237,688
Unearned interest and fees	(7,900,928		)	(313,079,173	)	(320,980,101	)
Net loans	27,182,980			815,074,607		842,257,587
Allowance for loan losses	(27,182,980		)	(40,425,025	)	(67,608,005	)
Loans, net of allowance for loan losses	$	—		774,649,582		774,649,582

March 31, 2013	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Bankruptcy, gross loans	$	5,910,206		—		5,910,206
91 days or more delinquent, excluding bankruptcy	23,536,170			—		23,536,170
Loans less than 91 days delinquent and not in bankruptcy	—			1,037,605,387		1,037,605,387
Gross loan balance	29,446,376			1,037,605,387		1,067,051,763
Unearned interest and fees	(6,036,018		)	(278,920,177	)	(284,956,195	)
Net loans	23,410,358			758,685,210		782,095,568
Allowance for loan losses	(23,410,358		)	(36,570,484	)	(59,980,842	)
Loans, net of allowance for loan losses	$	—		722,114,726		722,114,726

September 30, 2012	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Bankruptcy, gross loans	$	6,688,992		—		6,688,992
91 days or more delinquent, excluding bankruptcy	22,281,854			—		22,281,854
Loans less than 91 days delinquent and not in bankruptcy	—			1,058,930,865		1,058,930,865
Gross loan balance	28,970,846			1,058,930,865		1,087,901,711
Unearned interest and fees	(5,745,076		)	(291,661,460	)	(297,406,536	)
Net loans	23,225,770			767,269,405		790,495,175
Allowance for loan losses	(22,914,103		)	(38,414,674	)	(61,328,777	)
Loans, net of allowance for loan losses	$	311,667		728,854,731		729,166,398

Assessment of the credit quality

The following is an assessment of the credit quality for the period indicated:

	September 30, 2013		March 31, 2013	September 30, 2012
Credit risk
Consumer loans- non-bankrupt accounts	$	1,156,800,429	1,061,141,557	1,081,212,719
Consumer loans- bankrupt accounts	6,437,259		5,910,206	6,688,992
Total gross loans	$	1,163,237,688	1,067,051,763	1,087,901,711
Consumer credit exposure
Credit risk profile based on payment activity, performing	$	1,101,669,295	1,020,337,490	1,041,729,308
Contractual non-performing, 61 or more days delinquent	61,568,393		46,714,273	46,172,403
Total gross loans	$	1,163,237,688	1,067,051,763	1,087,901,711
Delinquent renewals	$	23,170,833	19,799,064	21,789,534
Credit risk profile based on customer type
New borrower	$	143,398,274	130,897,466	120,930,075
Former borrower	113,787,457		90,281,773	100,446,957
Refinance	882,881,124		826,073,460	844,735,145
Delinquent refinance	23,170,833		19,799,064	21,789,534
Total gross loans	$	1,163,237,688	1,067,051,763	1,087,901,711

Summary of the past due receivables

The following is a summary of the past due receivables as of:

	September 30, 2013			March 31, 2013		September 30, 2012
Contractual basis:
30-60 days past due	$	46,063,021		37,674,267		44,956,309
61-90 days past due	32,552,615			22,773,063		23,542,582
91 days or more past due	29,015,778			23,941,210		22,629,821
Total	$	107,631,414		84,388,540		91,128,712
Percentage of period-end gross loans receivable	9.3		%	7.9	%	8.4	%