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LOANS RECEIVABLE, NET (Tables)
12 Months Ended
Mar. 31, 2020
LOANS RECEIVABLE, NET  
Schedule of loans receivable, net

 

 

 

 

 

 

    

As of

    

As of

 

 

March 31, 2020

 

March 31, 2019

 

 

USD

 

USD

Loans receivable

 

46,186,855

 

77,448,759

Allowance for uncollectible loans receivable

 

(15,017,029)

 

(1,083,385)

Loans receivable, net

 

31,169,826

 

76,365,374

Loans receivable, net – current

 

14,190,488

 

36,554,913

Loans receivable, net – non-current

 

16,979,338

 

39,810,461

 

Schedule of movement of allowance for uncollectible loans receivable

 

 

 

 

 

 

 

 

    

Year ended

    

Year ended

 

 

March 31, 2020

 

March 31, 2019

 

 

USD

 

USD

 

 

 

 

 

 

 

Balance at beginning of the year

 

 

1,083,385

 

 

 —

Provision for allowance of uncollectible loans receivable

 

 

14,225,450

 

 

1,084,225

Foreign currency translation adjustments

 

 

(291,806)

 

 

(840)

Balance at end of the year

 

 

15,017,029

 

 

1,083,385