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ALLOWANCE FOR LOAN LOSSES (Tables)

6 Months Ended

Sep. 30, 2017

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

The following is a summary of gross loans receivable as of:

	September 30, 2017				March 31, 2017			September 30, 2016
Small loans (U.S.)	$	696,586,798			630,802,614			680,466,803
Large loans (U.S.)	327,325,734				312,458,275			311,262,273
Sales finance loans (U.S.)(1)	12,218				54,247			352,484
Payroll deduct "Viva" loans (Mexico)	71,581,042				69,087,314			58,030,254
Traditional installment loans (Mexico)	52,135,394				47,401,682			45,465,561
Total gross loans	$	1,147,641,186			1,059,804,132			1,095,577,375

⁽¹⁾  The Company decided to wind down the World Class Buying Club program during the third quarter of fiscal 2015. As of March 31, 2015, the Company is no longer financing the purchase of products through the program; however, the Company will continue to service the outstanding retail installment sales contracts.

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,
	2017				2016			2017				2016
Balance at beginning of period	$	76,526,248			71,993,060			$	72,194,892			69,565,804
Provision for loan losses	38,975,972				35,870,744			69,816,030				67,885,021
Loan losses	(32,286,746		)		(34,724,133	)		(63,464,210		)		(67,418,975	)
Recoveries	3,689,277				3,743,900			7,897,911				7,466,298
Translation adjustment	(173,950		)		(462,260	)		286,178				(1,076,837	)
Balance at end of period	$	86,730,801			76,421,311			$	86,730,801			76,421,311

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, 2017	Loans individually evaluated for impairment (impaired loans)				Loans collectively evaluated for impairment			Total
Gross loans in bankruptcy, excluding contractually delinquent	$	5,121,074			—			5,121,074
Gross loans contractually delinquent	61,816,576				—			61,816,576
Loans not contractually delinquent and not in bankruptcy	—				1,080,703,536			1,080,703,536
Gross loan balance	66,937,650				1,080,703,536			1,147,641,186
Unearned interest and fees	(17,355,713		)		(304,084,230	)		(321,439,943	)
Net loans	49,581,937				776,619,306			826,201,243
Allowance for loan losses	(44,678,508		)		(42,052,293	)		(86,730,801	)
Loans, net of allowance for loan losses	$	4,903,429			734,567,013			739,470,442

March 31, 2017	Loans individually evaluated for impairment (impaired loans)				Loans collectively evaluated for impairment			Total
Gross loans in bankruptcy, excluding contractually delinquent	$	4,903,728			—			4,903,728
Gross loans contractually delinquent	54,310,791				—			54,310,791
Loans not contractually delinquent and not in bankruptcy	—				1,000,589,613			1,000,589,613
Gross loan balance	59,214,519				1,000,589,613			1,059,804,132
Unearned interest and fees	(15,336,248		)		(276,572,403	)		(291,908,651	)
Net loans	43,878,271				724,017,210			767,895,481
Allowance for loan losses	(39,182,951		)		(33,011,941	)		(72,194,892	)
Loans, net of allowance for loan losses	$	4,695,320			691,005,269			695,700,589

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

Assessment of the credit quality

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

	September 30, 2017				March 31, 2017			September 30, 2016
Credit risk
Consumer loans- non-bankrupt accounts	$	1,141,279,992			1,053,769,654			1,088,922,796
Consumer loans- bankrupt accounts	6,361,194				6,034,478			6,654,579
Total gross loans	$	1,147,641,186			1,059,804,132			1,095,577,375
Consumer credit exposure
Credit risk profile based on payment activity, performing	$	1,050,681,453			977,171,570			1,011,545,342
Contractual non-performing, 60 or more days delinquent (1)	96,959,733				82,632,562			84,032,033
Total gross loans	$	1,147,641,186			1,059,804,132			1,095,577,375
Credit risk profile based on customer type
New borrower	$	177,097,915			168,656,845			153,288,845
Former borrower	136,937,061				108,100,688			124,276,487
Refinance	814,239,259				765,373,325			799,560,573
Delinquent refinance	19,366,951				17,673,274			18,451,470
Total gross loans	$	1,147,641,186			1,059,804,132			1,095,577,375

Summary of the past due receivables

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

	September 30, 2017				March 31, 2017			September 30, 2016
Contractual basis:
30-59 days past due	$	47,120,205			35,527,103			45,155,834
60-89 days past due	31,384,722				25,823,757			29,323,326
90 days or more past due	65,575,011				56,808,805			54,708,707
Total	$	144,079,938			118,159,665			129,187,867
Percentage of period-end gross loans receivable	12.6		%		11.1	%		11.8	%

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Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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