XML 42 R28.htm IDEA: XBRL DOCUMENT v3.23.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
Summary of gross loan
The following table sets forth information about our loan products for fiscal 2023:
Minimum OriginationMaximum OriginationMinimum Term
(Months)
Maximum Term
(Months)
Small loans$500 $2,450 531
Large loans2,500 33,450 1060
Tax advance loans500 5,000 88


Gross loans receivable at March 31, 2023 and 2022 consisted of the following:
20232022
Small loans$580,107,889 $727,852,627 
Large loans807,345,625 789,112,912 
Tax advance loans2,562,054 5,823,321 
Total gross loans$1,390,015,568 $1,522,788,860 
The following is a summary of gross loans receivable by Customer Tenure as of:
Customer TenureMarch 31, 2023March 31, 2022
0 to 5 months$81,803,668 $198,740,475 
6 to 17 months133,650,188 133,665,566 
18 to 35 months135,396,187 204,940,323 
36 to 59 months244,414,255 214,956,857 
60+ months792,189,216 764,662,319 
Tax advance loans2,562,054 5,823,320 
Total gross loans$1,390,015,568 $1,522,788,860