ALLOWANCE FOR LOAN LOSSES (Tables)

6 Months Ended

Sep. 30, 2012

ALLOWANCE FOR LOAN LOSSES [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 (unaudited):

	Three months ended						Six months ended
	September 30,						September 30,
	2012			2011			2012			2011
Balance at beginning of period	$	55,670,131			50,419,957			54,507,299			48,354,994
Provision for loan losses		32,401,664			30,057,269			56,016,554			52,896,383
Loan losses		(29,711,502	)		(28,249,131	)		(54,918,604	)		(51,405,944	)
Recoveries		2,785,824			2,398,885			5,721,438			4,748,215
Translation adjustment		182,660			(462,507	)		2,090			(429,175	)
Balance at end of period	$	61,328,777			54,164,473			61,328,777			54,164,473

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, 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

March 31, 2012	Loans individually  evaluated for impairment (impaired  loans)			Loans collectively  evaluated for  impairment			Total
Bankruptcy, gross loans	$	5,646,956			-			5,646,956
91 days or more delinquent, excluding bankruptcy		20,882,907			-			20,882,907
Loans less than 91 days delinquent and not in bankruptcy		-			946,192,901			946,192,901
Gross loan balance		26,529,863			946,192,901			972,722,764
Unearned interest and fees		(7,085,222	)		(250,552,597	)		(257,637,819	)
Net loans		19,444,641			695,640,304			715,084,945
Allowance for loan losses		(19,444,641	)		(35,062,658	)		(54,507,299	)
Loans, net of allowance for loan losses	$	-			660,577,646			660,577,646

September 30, 2011	Loans individually  evaluated for  impairment (impaired  loans)			Loans collectively  evaluated for impairment			Total
Bankruptcy, gross loans	$	6,573,737			-			6,573,737
91 days or more delinquent, excluding bankruptcy		18,366,885			-			18,366,885
Loans less than 91 days delinquent and not in bankruptcy		-			940,014,840			940,014,840
Gross loan balance		24,940,622			940,014,840			964,955,462
Unearned interest and fees		(4,261,310	)		(254,222,945	)		(258,484,255	)
Net loans		20,679,312			685,791,895			706,471,207
Allowance for loan losses		(18,954,411	)		(35,210,062	)		(54,164,473	)
Loans, net of allowance for loan losses	$	1,724,901			650,581,833			652,306,734

Assessment of the credit quality

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

	September 30,		March 31,
	2012		2012
Credit risk
Consumer loans- non-bankrupt accounts	$	1,081,212,719		967,075,808
Consumer loans- bankrupt accounts		6,688,992		5,646,956
Total	$	1,087,901,711		972,722,764
Consumer credit exposure
Credit risk profile based on payment activity Performing	$	1,041,729,308		934,095,598
Contractual non-performing, 61 or more days delinquent		46,172,403		38,627,166
Total	$	1,087,901,711		972,722,764
Delinquent renewals	$	21,789,534		21,013,742
Credit risk profile based on customer type
New borrower	$	120,930,075		110,362,853
Former borrower		100,446,957		79,712,646
Refinance		844,735,145		761,633,523
Delinquent refinance		21,789,534		21,013,742
Total	$	1,087,901,711		972,722,764

Summary of the past due receivables

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

	September 30,			March 31,			September 30,
	2012			2012			2011
Recency basis:
30-60 days past due	$	37,330,812			22,457,591			31,696,312
61-90 days past due		19,439,858			13,381,637			18,683,495
91 days or more past due		12,147,821			10,569,627			10,257,771
Total	$	68,918,491			46,408,855			60,637,578
Percentage of period-end gross loans receivable		6.3	%		4.8	%		6.3	%
Contractual basis:
30-60 days past due	$	44,956,309			24,853,508			35,664,457
61-90 days past due		23,542,582			17,320,264			22,243,803
91 days or more past due		22,629,821			21,306,902			18,675,027
Total	$	91,128,712			63,480,674			76,583,287
Percentage of period-end gross loans receivable		8.4	%		6.5	%		7.9	%