ALLOWANCE FOR LOAN LOSSES (Tables)

9 Months Ended

Dec. 31, 2015

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 December 31,					Nine months ended December 31,
	2015			2014		2015			2014
Balance at beginning of period	$	80,317,713		81,817,578		$	70,437,988		63,254,940
Provision for loan losses	35,440,402			38,292,746		99,225,547			105,346,744
Loan losses	(35,294,084		)	(37,978,106	)	(97,622,277		)	(93,210,529	)
Recoveries (1)	4,131,664			3,589,412		13,397,456			10,616,382
Translation adjustment	(107,101		)	(703,131	)	(950,120		)	(989,038	)
Balance at end of period	$	84,488,594		85,018,499		$	84,488,594		85,018,499

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:

December 31, 2015	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Gross loans in bankruptcy, excluding contractually delinquent	$	4,839,276		—		4,839,276
Gross loans contractually delinquent	56,777,734			—		56,777,734
Loans not contractually delinquent and not in bankruptcy	—			1,157,592,356		1,157,592,356
Gross loan balance	61,617,010			1,157,592,356		1,219,209,366
Unearned interest, insurance and fees	(15,173,459		)	(322,330,549	)	(337,504,008	)
Net loans	46,443,551			835,261,807		881,705,358
Allowance for loan losses	(41,809,944		)	(42,678,650	)	(84,488,594	)
Loans, net of allowance for loan losses	$	4,633,607		792,583,157		797,216,764

March 31, 2015	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Gross loans in bankruptcy, excluding contractually delinquent	$	4,821,691		—		4,821,691
Gross loans contractually delinquent	48,262,853			—		48,262,853
Loans not contractually delinquent and not in bankruptcy	—			1,057,060,538		1,057,060,538
Gross loan balance	53,084,544			1,057,060,538		1,110,145,082
Unearned interest, insurance and fees	(13,115,117		)	(284,287,287	)	(297,402,404	)
Net loans	39,969,427			772,773,251		812,742,678
Allowance for loan losses	(35,352,658		)	(35,085,330	)	(70,437,988	)
Loans, net of allowance for loan losses	$	4,616,769		737,687,921		742,304,690

December 31, 2014	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Gross loans in bankruptcy, excluding contractually delinquent	$	5,375,640		—		5,375,640
Gross loans contractually delinquent	54,521,862			—		54,521,862
Loans not contractually delinquent and not in bankruptcy	—			1,202,720,469		1,202,720,469
Gross loan balance	59,897,502			1,202,720,469		1,262,617,971
Unearned interest, insurance and fees	(14,879,254		)	(330,113,392	)	(344,992,646	)
Net loans	45,018,248			872,607,077		917,625,325
Allowance for loan losses	(39,871,072		)	(45,147,427	)	(85,018,499	)
Loans, net of allowance for loan losses	$	5,147,176		827,459,650		832,606,826

Assessment of the credit quality

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

	December 31, 2015		March 31, 2015	December 31, 2014
Credit risk
Consumer loans- non-bankrupt accounts	$	1,213,286,140	1,104,179,016	1,256,348,256
Consumer loans- bankrupt accounts	5,923,226		5,966,066	6,269,715
Total gross loans	$	1,219,209,366	1,110,145,082	1,262,617,971
Consumer credit exposure
Credit risk profile based on payment activity, performing	$	1,131,348,784	1,032,984,546	1,177,925,160
Contractual non-performing, 60 or more days delinquent (1)	87,860,582		77,160,536	84,692,811
Total gross loans	$	1,219,209,366	1,110,145,082	1,262,617,971
Credit risk profile based on customer type
New borrower	$	173,506,380	146,376,318	189,297,996
Former borrower	137,261,707		110,149,558	131,854,445
Refinance	884,046,393		829,661,427	914,438,177
Delinquent refinance	24,394,886		23,957,779	27,027,353
Total gross loans	$	1,219,209,366	1,110,145,082	1,262,617,971

Summary of the past due receivables

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

	December 31, 2015			March 31, 2015		December 31, 2014
Contractual basis:
30-59 days past due	$	44,805,260		43,663,540		44,649,718
60-89 days past due	29,428,608			26,027,649		28,227,745
90 days or more past due	58,431,974			51,132,887		56,465,066
Total	$	132,665,842		120,824,076		129,342,529
Percentage of period-end gross loans receivable	10.9		%	10.9	%	10.2	%