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LOAN ISSUED (Tables)
12 Months Ended
Mar. 31, 2022
Loans and Leases Receivable Disclosure [Abstract]  
Schedule of loans issued
Loans issued as of March 31, 2022, consisted of the following:
Amount OutstandingDue DatesAverage Interest Rate Fair Value of
Collateral
Loan Currency
 
Mortgage loans$51,923 April, 2022 - March, 204711.86 %$52,134 KZT
Uncollateralized bank customer loans34,068 April, 2022 - March, 204717.56 %— KZT
Subordinated loan5,033 December, 2022-April, 20244.89 %— USD
Subordinated loan1,256 December, 2022-April, 20247.00 %— UAH
Other 123 February, 2022-Febraury, 20272.50 %— USD
Total loans issued$92,403 $52,134 

As of March 31, 2022, mortgage loans include the state mortgage program "7-20-25" with the principal amount of $21,310.

Microfinance organization Freedom Finance Credit (“FFIN Credit”) is a start-up created by Mr.Turlov. It is a non-bank credit institution that issues loans in Kazakhstan under simplified lending procedures. FFIN Credit was created as a pilot project to test and improve the scoring models used for qualifying and issuing loans. The principal operation of FFIN Credit is to provide loans to customers online using biometric identification and its proprietary scoring process. After completion of the pilot launch, it is anticipated ownership of FFIN Credit will be transferred to the Company.
During the year ended March 31, 2022, the Company entered into agreements with FFIN Credit to purchase uncollateralized consumer retail loans. The agreements provide the Company the ability to sell back to FFIN Credit up to $36,010 of the total loans purchased.
The Company has determined that it has assumed substantially all of the risks and rewards from the transferor of the loans, with the exception of the amount it has the right to sell back to the transferor, accordingly the Company has received control of the loans and has recognized the loans on its Consolidated Balance Sheets.

During the year ended March 31, 2022, the Company purchased loans in the aggregate amount of $59,839 and sold back loans totaling $12,106 to the FFIN Credit.

As of March 31, 2022, the Company held outstanding loans purchased from the FFIN Credit totaling $35,388, net of an allowance of $1,321.
Loans issued as of March 31, 2021, consisted of the following:
 Amount OutstandingDue DatesAverage Interest Rate Fair Value of
Collateral
Loan Currency
Subordinated loan$5,033 December 2022-April 20243.69 %$— USD
Uncollateralized non-bank loan2,382 January 2022 - February 20223.00 %— USD
Uncollateralized non-bank loan— — %— 
Subordinated loan1,331 September 20297.00 %— UAH
Bank customer loans880 March 202415.41 %729 KZT
Bank customer loans— — %— 
Total loans issued$9,626 $729