Quarterly report pursuant to Section 13 or 15(d)

Loans Received

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Loans Received
9 Months Ended
Dec. 31, 2018
Loans Receivable, Net [Abstract]  
Loans Received

 

Borrower   Lender  

December 31,

2018

 

March 31,

2018

(Recast)

  Interest rate   Term   Maturity date
Freedom Holding Corp.   Non-Bank   $ 3,875     $ -   3%   3 month – 1 year   03/29/2019 -12/31/2019
Freedom Finance Cyprus Limited   Non-Bank   92   99   1%   1 year   12/11/2019
JSC Freedom Finance   Bank   -   7,044   7%   1 year   2/5/2019
Total       $ 3,967   $ 7,143            

 

As of March 31, 2018, the Company had received United States dollar denominated loans from JSC AsiaCredit Bank in the total amount of $7,031, under a credit line agreement with $9,000 withdrawal limit. During the nine months ended December 31, 2018, the Company fully repaid the loan from JSC AsiaCredit Bank. Non-bank loans received are unsecured. As of December 31, 2018 and March 31, 2018, accrued interest on the loans totaled $28 and $16, respectively.