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LOANS ISSUED
 3 Months Ended
Dec. 31, 2021
Loans and Leases Receivable Disclosure [Abstract]  
Loans Issued LOANS ISSUED
Loans issued as of December 31, 2021, consisted of the following:
Amount OutstandingDue Dates
Average Interest Rate
Fair Value of CollateralLoan Currency
Mortgage loan$19,874 February 2023 - September 203615.19 %$19,846 KZT
Uncollateralized bank customer loans16,075 January 2022 - December 203618.22 %— KZT
Subordinated loan5,132 December 2022-April 20244.89 %— USD
Subordinated loan1,358 September 20297.00 %— UAH
$42,439 
During the nine months ended December 31, 2021, the Company entered into agreements with a related party microfinance organization to purchase uncollateralized consumer retail loans. The agreements provide the Company the ability to sell back to the microfinance organization up to $9,263 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 Condensed Consolidated Balance Sheets.
During the nine months ended December 31, 2021, the Company purchased loans in the aggregate amount of $29,020 and sold back loans totaling $6,828 to the microfinance organization.

As of December 31, 2021, the Company held outstanding loans purchased from the microfinance organization totaling $16,802, net of an allowance of $727.
Loans issued as of March 31, 2021, consisted of the following:
Amount OutstandingDue Dates
Average Interest Rate
Fair Value of CollateralLoan Currency
Subordinated loan$5,033 December 2022-April 20243.69 %$— USD
Uncollateralized non-bank loan2,382 January 2022 – February 20223.00 %—USD
Subordinated loan1,331 September 20297.00 %—UAH
Bank customer loans880 March 202415.41 %729KZT
$9,626