**<u>Table 1. Summary Statistics</u>**

||N. Obs<br>|Mean<br><br>|Std. De<br><br>All<br>|v.<br>10th Pct<br><br>members<br>|.<br>Median<br>|90th Pc<br>|t.<br>Male<br>|Femal<br><br>Mean|e<br><br>P-val of T-<br>test<br>(7)=(8)|
|---|---|---|---|---|---|---|---|---|---|
||(1)|(2)|(3)|(4)|(5)|(6)|(7)|(8)|(9)|
|**_Member_**||||||||||
|Age|4161|37.6|12.0|23.0|35.0|55.0|37.8|37.3|0.14|
|Years of Education|4161|3.92|4.49|0.00|2.00|10.0|5.24|2.51|0.00|
|Male (1=yes)|4161|0.48|0.50|0.00|0.00|1.00|-|-|-|
|<br>Married (1=yes)|4161|0.89|0.31|0.00|1.00|1.00|0.84|0.94|0.00|
|Digit Span Recall|4161|3.22|2.27|0.00|4.00|6.00|3.81|2.60|0.00|
|<br>Stress index|4161|0.00|1.43|-1.76|0.04|1.94|0.16|-0.17|0.00|
|Business Knowledge index|4161|0.00|1.03|-1.38|0.05|1.49|-0.14|0.15|0.00|
|<br>Female Mobility index|2017|0.00|1.34|-1.10|-1.10|2.64|-|-|-|
|<br>No Purdah index|2017|0.00|1.70|-2.82|0.86|1.58|-|-|-|
|Risk Tolerance (0-10)|4161|3.53|3.00|0.00|4.00|8.00|3.76|3.29|0.00|
|Months as CO member|4161|25.2|23.4|5.00|19.0|52.0|27.4|22.9|0.00|
|Interested in Training (1=Yes)|4161|0.58|0.49|0.00|1.00|1.00|0.65|0.50|0.00|
|<br>Holds office in CO (1=Yes)|4161|0.21|0.41|0.00|0.00|1.00|0.22|0.20|0.10|
|<br>Business at baseline (1=Yes)|4161|0.61|0.49|0.00|1.00|1.00|0.62|0.60|0.20|
|<br>Eligibility for Loan Lottery (1=Yes)|4161|0.55|0.50|0.00|1.00|1.00|0.58|0.52|0.00|
|**_Household_**||||||||||
|Household Size|4161|7.52|3.42|4.00|7.00|12.0|7.88|7.14|0.00|
|Fraction of CO Members of same Zaat (caste)|4161|0.34|0.34|0.00|0.21|0.94|0.44|0.24|0.00|
|Ever in Business (1=Yes)|4161|0.61|0.49|0.00|1.00|1.00|0.62|0.60|0.38|
|Household member has held hereditary or political office (1=Yes)|4161|0.12|0.33|0.00|0.00|1.00|0.15|0.09|0.00|
|Land (acres)|4161|3.91|17.13|0.00|0.13|8.88|5.51|2.22|0.00|
|Distance to CO meeting place|4161|7.95|7.12|2.50|10.0|23.0|7.42|8.51|0.00|
|Credit Constraints (1=Yes)|4161|0.49|0.50|0.00|0.00|1.00|0.49|0.50|0.00|
|Log Household Expenditures|4161|8.27|0.62|7.31|8.01|9.10|8.28|8.26|0.26|
|Decision-making power (0-8)|4161|2.56|3.08|0.00|0.00|1.00|3.31|1.76|0.00|
|Member has a Bank Account (1=Yes)|4161|0.10|0.30|0.00|0.00|1.00|0.14|0.07|0.00|
|Self-employment (1=Yes)<br>|4161|0.27|0.44|0.00|0.00|1.00|0.32|0.21|0.00|
|**_Business_**||||||||||
|Agribusiness, Dairy, Livestock (1=Yes)|2532|0.36|0.48|0.00|0.00|1.00|0.50|0.20|0.00|
|Retail and Food Services (shopkeeping) (1=Yes)|2532|0.19|0.39|0.00|0.00|1.00|0.23|0.15|0.00|
|Handicraft, Tailoring, Vocational Trade (1=Yes)|2532|0.31|0.46|0.00|0.00|1.00|0.09|0.56|0.00|
|Other (1=Yes)|2532|0.14|0.34|0.00|0.00|1.00|0.18|0.09|0.00|
|Business has fixed location (1=Yes)|2532|0.94|0.24|1.00|1.00|1.00|0.90|0.97|0.00|
|Operates all months (1=Yes)|2532|0.80|0.40|0.00|1.00|1.00|0.81|0.78|0.08|
|<br>Purchase credit (1=Yes)|2532|0.70|0.46|0.00|1.00|1.00|0.67|0.72|0.02|
|<br>Records sales (1=Yes)|2532|0.17|0.37|0.00|0.00|1.00|0.22|0.11|0.00|
|<br>Records Money taken from business (1=Yes)|2149|0.17|0.37|0.00|0.00|1.00|0.22|0.11|0.00|
|Number of Workers|2532|2.43|1.98|1.00|2.00|4.00|2.51|2.34|0.03|
|Paid Workers (1=Yes)|2532|0.10|0.29|0.00|0.00|0.00|0.14|0.05|0.00|
|Log Good Month Sales|2500|8.76|1.31|7.09|8.70|10.6|9.34|8.13|0.00|
|Log Average Month Sales|2493|8.28|1.26|6.68|8.29|9.95|8.83|7.68|0.00|
|LogBad Month Sales|2510|7.75|1.32|6.21|7.60|9.51|8.32|7.13|0.00|

Note: Data come from baseline survey of November 2006. See Appendix B for definition of variables. Column 1 reports the number of observations. Index of female mobility and Index of Purdah have 2,017 observations because only females answered these questions. Similarly, there are 2,532 businesses in the sample. Column 9 reports the p- value of the t-test of the difference between columns 7 and 8.