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Loans Receivable, Net | 12 Months Ended
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Dec. 31, 2014
Loans Receivable, Net | 9. Loans Receivable, Net Loans receivable as of December 31, 2013 and 2014 consist of the following:
|  | 2013 |  |  | 2014 |
Loans receivable: |  |  |  |  |  |  |  |
-Within credit term |  |  | 15,519,434 |  |  |  | 7,120,523 |
-Past due |  |  | — |  |  |  | — |
Total loans receivable |  |  | 15,519,434 |  |  |  | 7,120,523 |
Allowance for loan losses |  |  | (155,194 | ) |  |  | (188,054 | )
Loans receivable, net |  |  | 15,364,240 |  |  |  | 6,932,469 |
The loan interest rate ranging between 8.0%-15.2% for the years ended December 31, 2014. All loans are short-term loans and secured by collateral. The following table presents the activity in the allowance for loan losses as of and for the years ended December 31, 2013 and 2014.
|  | $ |
Loans receivable—December 31, 2012 |  |  | — |
Provisions |  |  | 155,194 |
Recoveries |  |  | — |
Charge-offs |  |  | — |
Exchange rate translation |  |  | — |
Loans receivable—December 31, 2013 |  |  | 155,194 |
Provisions |  |  | 249,057 |
Recoveries |  |  | (212,423 | )
Charge-offs |  |  | — |
Exchange rate translation |  |  | (3,774 | )
Loans receivable—December 31, 2014 |  |  | 188,054 |

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5074-111524 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5066-111524 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e5162-111524 + Details
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