Table A4: Impacts on Monthly Sales and Profits of All Businesses

||Last 30 da|ys sales|Last 30 day|s profts|Last year|’s proft|
|---|---|---|---|---|---|---|
||(1)<br>(Unconditional)<br>(Level)|(2)<br>(Conditional)<br>(Level)|(3)<br>(Unconditional)<br>(Level)|(4)<br>(Conditional)<br>(Level)|(5)<br>(Unconditional)<br>(Level)|(6)<br>(Conditional)<br>(Level)|
|Treatment (0/1)|-261.3|-391.8|-139.2|-181.0|536.7|461.5|
||(282.1)|(353.9)|(97.1)|(114.9)|(427.3)|(495.5)|
|Psychometric score above median (0/1)|247.2|154.3|-33.84|-56.19|370.1|-76.95|
||(247.2)|(320.1)|(84.1)|(106.1)|(408.6)|(502.8)|
|**ANCOVA**|✓|✓|✓|✓|✓|✓|
|Observations|124|105|124|105|124|105|
|Control mean|962.4|1236.2|133.7|171.8|1558.1|1941.2|
|_R_<sup>2</sup>|0.098|0.13|0.028|0.036|0.036|0.021|
|Randomization inference p-value|0.20|0.14|0.042|0.038|0.14|0.30|
|Sharpened q-value|0.23|0.20|0.20|0.20|0.20|0.26|

Notes: Outcomes 1-2 are sales from the past 30 working days. Outcomes 3-4 are profits from the past 30 working days. Outcomes 5-6 are profits from the past year (Ethiopian 2013/Gregorian 2020). Conditional amounts represent only those whose businesses were open, whereas unconditional amounts include those not operating any business with a value of 0. Level refers to amounts in ETB, winsorized at 99th percentile. Outcomes indicated with ”Level” are in 100 Ethiopian birr (100 ETB = 3.4 USD at baseline and 2.2 USD at endline). Psychometric scores in the IE sample ranged from 370 to 452, and the median score used a cut-off is 383 (note that 370 was the qualifying score to receive an uncollateralized loan). Includes a control for number of children in the households that was imbalanced between treatment and control at baseline. Observations represent number of individuals. Robust standard errors are in parentheses. * _p <_ 0 _._ 05, ** _p <_ 0 _._ 01, *** _p <_ 0 _._ 001 Table A5: Impacts on Labor Use

||Number of e|mployees|Number o<br>respondent wo|f hours<br>rks per week|
|---|---|---|---|---|
||(1)<br>(Unconditional)|(2)<br>(Conditional)|(3)<br>(Unconditional)|(4)<br>(Conditional)|
|Treatment (0/1)|-0.626|-0.922|6.942|3.005|
||(0.62)|(0.70)|(5.84)|(5.49)|
|Psychometric score above median (0/1)|1.293**|1.476**|7.247|-2.879|
||(0.57)|(0.66)|(5.67)|(5.48)|
|**ANCOVA**|✓|✓|✓|✓|
|Observations|124|105|124|105|
|Control mean|2.606|3.358|40.33|50.23|
|_R_<sup>2</sup>|0.44|0.51|0.027|0.0089|
|Randomization inference p-value|0.28|0.16|0.24|0.62|
|Sharpened q-value|0.83|0.83|0.83|0.83|

Notes: Outcomes 1-2 includes full-time, part-time, temporary, unpaid and family workers currently working for the main business. Outcomes 3-4 are self-reported hours spent per week on the main business by the respondent on average. Conditional amounts represent only those whose businesses were open, whereas unconditional amounts include those not operating any business with a value of 0. Number of employees and hours are winsorized at 99th percentile. Psychometric scores in the IE sample ranged from 370 to 452, and the median score used a cut-off is 383 (note that 370 was the qualifying score to receive an uncollateralized loan). Includes a control for number of children in the households that was imbalanced between treatment and control at baseline. Observations represent number of individuals. Robust standard errors are in parentheses. * _p <_ 0 _._ 05, ** _p <_ 0 _._ 01, *** _p <_ 0 _._ 001 31