ALLOWANCE FOR LOAN LOSSES (Tables)

6 Months Ended

Sep. 30, 2016

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,
	2016			2015		2016			2015
Balance at beginning of period	$	71,993,060		71,959,969		$	69,565,804		70,437,988
Provision for loan losses	35,870,744			37,557,136		67,885,021			63,785,145
Loan losses	(34,724,133		)	(32,452,762	)	(67,418,975		)	(62,328,194	)
Recoveries ⁽¹⁾	3,743,900			3,890,945		7,466,298			9,265,793
Translation adjustment	(462,260		)	(637,575	)	(1,076,837		)	(843,019	)
Balance at end of period	$	76,421,311		80,317,713		$	76,421,311		80,317,713

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



September 30, 2016	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Gross loans in bankruptcy, excluding contractually delinquent	$	5,438,380		—		5,438,380
Gross loans contractually delinquent	50,928,815			—		50,928,815
Loans not contractually delinquent and not in bankruptcy	—			1,039,210,180		1,039,210,180
Gross loan balance	56,367,195			1,039,210,180		1,095,577,375
Unearned interest and fees	(13,587,281		)	(291,492,486	)	(305,079,767	)
Net loans	42,779,914			747,717,694		790,497,608
Allowance for loan losses	(37,572,665		)	(38,848,646	)	(76,421,311	)
Loans, net of allowance for loan losses	$	5,207,249		708,869,048		714,076,297



March 31, 2016	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Gross loans in bankruptcy, excluding contractually delinquent	$	4,560,322		—		4,560,322
Gross loans contractually delinquent	46,373,923			—		46,373,923
Loans not contractually delinquent and not in bankruptcy	—			1,016,030,097		1,016,030,097
Gross loan balance	50,934,245			1,016,030,097		1,066,964,342
Unearned interest and fees	(12,726,898		)	(277,932,264	)	(290,659,162	)
Net loans	38,207,347			738,097,833		776,305,180
Allowance for loan losses	(33,840,839		)	(35,724,965	)	(69,565,804	)
Loans, net of allowance for loan losses	$	4,366,508		702,372,868		706,739,376



September 30, 2015	Loans individually evaluated for impairment (impaired loans)			Loans collectively evaluated for impairment		Total
Gross loans in bankruptcy, excluding contractually delinquent	$	5,815,451		—		5,815,451
Gross loans contractually delinquent	50,367,100			—		50,367,100
Loans not contractually delinquent and not in bankruptcy	—			1,106,653,793		1,106,653,793
Gross loan balance	56,182,551			1,106,653,793		1,162,836,344
Unearned interest and fees	(13,690,473		)	(304,787,151	)	(318,477,624	)
Net loans	42,492,078			801,866,642		844,358,720
Allowance for loan losses	(36,923,783		)	(43,393,930	)	(80,317,713	)
Loans, net of allowance for loan losses	$	5,568,295		758,472,712		764,041,007

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



	September 30, 2016		March 31, 2016	September 30, 2015
Credit risk
Consumer loans- non-bankrupt accounts	$	1,088,922,796	1,061,436,900	1,156,214,553
Consumer loans- bankrupt accounts	6,654,579		5,527,442	6,621,791
Total gross loans	$	1,095,577,375	1,066,964,342	1,162,836,344

Consumer credit exposure
Credit risk profile based on payment activity, performing	$	1,011,545,342	991,386,552	1,080,978,309
Contractual non-performing, 60 or more days delinquent ⁽¹⁾	84,032,033		75,577,790	81,858,035
Total gross loans	$	1,095,577,375	1,066,964,342	1,162,836,344

Credit risk profile based on customer type
New borrower	$	153,288,845	141,980,629	146,616,695
Former borrower	124,276,487		111,608,375	135,980,288
Refinance	799,560,573		793,913,695	854,893,667
Delinquent refinance	18,451,470		19,461,643	25,345,694
Total gross loans	$	1,095,577,375	1,066,964,342	1,162,836,344

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



	September 30, 2016			March 31, 2016		September 30, 2015
Contractual basis:
30-59 days past due	$	45,155,834		40,094,824		46,898,071
60-89 days past due	29,323,326			27,082,385		28,639,336
90 days or more past due	54,708,707			48,495,405		53,218,699
Total	$	129,187,867		115,672,614		128,756,106

Percentage of period-end gross loans receivable	11.8		%	10.8	%	11.1	%