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ALLOWANCE FOR LOAN LOSSES (Tables) | 9 Months Ended
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Dec. 31, 2018
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:
| December 31, 2018 |  | March 31, 2018 |  | December 31, 2017
Small loans | $ | 857,945,959 |  |  | $ | 670,189,211 |  |  | $ | 774,416,024 |
Large loans | 400,961,429 |  |  | 334,041,731 |  |  | 352,999,300 |
Sales finance loans(1) | 517 |  |  | 2,217 |  |  | 4,057 |
Total gross loans | $ | 1,258,907,905 |  |  | $ | 1,004,233,159 |  |  | $ | 1,127,419,381 |
(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 December 31, |  | Nine months ended December 31,
| 2018 |  | 2017 |  | 2018 |  | 2017
Balance at beginning of period | $ | 79,310,375 |  |  | 71,172,677 |  |  | $ | 66,088,139 |  |  | $ | 60,644,365 |
Provision for loan losses | 48,943,886 |  |  | 40,455,513 |  |  | 119,893,201 |  |  | 100,989,538 |
Loan losses | (40,001,055 | ) |  | (33,550,642 | ) |  | (105,014,401 | ) |  | (91,047,277 | )
Recoveries | 3,052,628 |  |  | 3,242,943 |  |  | 10,338,895 |  |  | 10,733,865 |
Balance at end of period | $ | 91,305,834 |  |  | $ | 81,320,491 |  |  | $ | 91,305,834 |  |  | $ | 81,320,491 |
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, 2018 | Loans individually evaluated for impairment (impaired loans) |  | Loans collectively evaluated for impairment |  | Total
Gross loans in bankruptcy, excluding contractually delinquent | $ | 4,714,475 |  |  | — |  |  | 4,714,475 |
Gross loans contractually delinquent | 62,834,979 |  |  | — |  |  | 62,834,979 |
Loans not contractually delinquent and not in bankruptcy | — |  |  | 1,191,358,451 |  |  | 1,191,358,451 |
Gross loan balance | 67,549,454 |  |  | 1,191,358,451 |  |  | 1,258,907,905 |
Unearned interest and fees | (14,930,704 | ) |  | (323,201,775 | ) |  | (338,132,479 | )
Net loans | 52,618,750 |  |  | 868,156,676 |  |  | 920,775,426 |
Allowance for loan losses | (48,104,640 | ) |  | (43,201,194 | ) |  | (91,305,834 | )
Loans, net of allowance for loan losses | $ | 4,514,110 |  |  | 824,955,482 |  |  | 829,469,592 |
March 31, 2018 | Loans individually evaluated for impairment (impaired loans) |  | Loans collectively evaluated for impairment |  | Total
Gross loans in bankruptcy, excluding contractually delinquent | $ | 4,627,599 |  |  | — |  |  | 4,627,599 |
Gross loans contractually delinquent | 50,019,567 |  |  | — |  |  | 50,019,567 |
Loans not contractually delinquent and not in bankruptcy | — |  |  | 949,585,993 |  |  | 949,585,993 |
Gross loan balance | 54,647,166 |  |  | 949,585,993 |  |  | 1,004,233,159 |
Unearned interest and fees | (11,433,666 | ) |  | (247,557,826 | ) |  | (258,991,492 | )
Net loans | 43,213,500 |  |  | 702,028,167 |  |  | 745,241,667 |
Allowance for loan losses | (38,782,574 | ) |  | (27,305,565 | ) |  | (66,088,139 | )
Loans, net of allowance for loan losses | $ | 4,430,926 |  |  | 674,722,602 |  |  | 679,153,528 |
December 31, 2017 | Loans individually evaluated for impairment (impaired loans) |  | Loans collectively evaluated for impairment |  | Total
Gross loans in bankruptcy, excluding contractually delinquent | $ | 4,507,307 |  |  | — |  |  | 4,507,307 |
Gross loans contractually delinquent | 57,019,347 |  |  | — |  |  | 57,019,347 |
Loans not contractually delinquent and not in bankruptcy | — |  |  | 1,065,892,727 |  |  | 1,065,892,727 |
Gross loan balance | 61,526,654 |  |  | 1,065,892,727 |  |  | 1,127,419,381 |
Unearned interest and fees | (13,118,190 | ) |  | (287,078,221 | ) |  | (300,196,411 | )
Net loans | 48,408,464 |  |  | 778,814,506 |  |  | 827,222,970 |
Allowance for loan losses | (44,092,718 | ) |  | (37,227,773 | ) |  | (81,320,491 | )
Loans, net of allowance for loan losses | $ | 4,315,746 |  |  | 741,586,733 |  |  | 745,902,479 |
Assessment of the credit quality | The following is an assessment of the credit quality for the period indicated:
| December 31, 2018 |  | March 31, 2018 |  | December 31, 2017
Credit risk |  |  |  |  |
Consumer loans- non-bankrupt accounts | $ | 1,252,645,902 |  |  | $ | 998,299,051 |  |  | $ | 1,121,591,353 |
Consumer loans- bankrupt accounts | 6,262,003 |  |  | 5,934,108 |  |  | 5,828,028 |
Total gross loans | $ | 1,258,907,905 |  |  | $ | 1,004,233,159 |  |  | $ | 1,127,419,381 |
Consumer credit exposure |  |  |  |  |  |  |
Credit risk profile based on payment activity, performing | $ | 1,164,459,600 |  |  | $ | 929,400,862 |  |  | 1,044,690,133 |
Contractual non-performing, 61 or more days delinquent (1) | 94,448,305 |  |  | 74,832,297 |  |  | 82,729,248 |
Total gross loans | $ | 1,258,907,905 |  |  | $ | 1,004,233,159 |  |  | $ | 1,127,419,381 |
Credit risk profile based on customer type |  |  |  |  |  |  |
New borrower | $ | 175,727,060 |  |  | $ | 104,762,628 |  |  | $ | 126,446,949 |
Former borrower | 144,840,392 |  |  | 104,281,551 |  |  | 131,195,579 |
Refinance | 917,868,854 |  |  | 778,115,097 |  |  | 850,626,372 |
Delinquent refinance | 20,471,599 |  |  | 17,073,883 |  |  | 19,150,481 |
Total gross loans | $ | 1,258,907,905 |  |  | $ | 1,004,233,159 |  |  | $ | 1,127,419,381 |
Summary of the past due receivables | The following is a summary of the past due receivables as of:
| December 31, 2018 |  | March 31, 2018 |  | December 31, 2017
Contractual basis: |  |  |  |  |  |  |  |
30-60 days past due | $ | 49,655,289 |  |  | 32,959,151 |  |  | 39,955,532 |
61-90 days past due | 31,613,326 |  |  | 24,812,730 |  |  | 25,709,901 |
91 days or more past due | 62,834,979 |  |  | 50,019,567 |  |  | 57,019,347 |
Total | $ | 144,103,594 |  |  | 107,791,448 |  |  | 122,684,780 |
Percentage of period-end gross loans receivable | 11.4 | % |  | 10.7 | % |  | 10.9 | %

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