Annual report pursuant to Section 13 and 15(d)

14. Loans Received

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14. Loans Received
12 Months Ended
Mar. 31, 2019
Loans Issued  
Loans Received
Company Lender   March 31, 2019  

March 31, 2018 (Recast) 

  Interest rate Term Maturity dates
Freedom Holding Corp. Non-Bank   $ 3,917  

 

$ -

  3% 1-2 year 04/30/2019 - 12/31/2019
Freedom Finance Cyprus Limited D-FINANCE Inc.   91   99   1% 2 year 12/11/2019
JSC Freedom Finance JSC AsiaCreditBank   -   7,044   7% 1 year 2/5/2019
Total     $ 4,008   $ 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 a $9,000 withdrawal limit. During the year ended March 31, 2019, the Company fully repaid the loan from JSC AsiaCredit Bank. Non-bank loans received are unsecured. As of March 31, 2019 and March 31, 2018, accrued interest on the loans totaled $52 and $16, respectively.