**Table 2. Summary Statistics**

||**N. Obs**|**Mean**<br>|**Std. Dev.**<br>**All mem**|**10th Pct.**<br>**bers**|**Median**<br>|**90th Pct.**|**Male**<br>**All me**|**Female**<br>**P**<br>**t-**<br>**mbers**|**-value of**<br>**test (7)-**<br>**(8)**|**Male**<br>**Business**|**Female**<br>**Owners**|**P-value**<br>**of t-test**<br>**(10)-(11)**|**Male**<br>**Matched**<br>**Own**|**Female**<br> <br> <br>**(**<br>**Business**<br>**ers**|**P-value**<br>**of t-test**<br>**13)-(14)**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||(1)|(2)|(3)|(4)|(5)|(6)|(7)|(8)|(9)|(10)|(11)|(12)|(13)|(14)|(15)|
|**Take-up**||||||||||||||||
|Shown Female brochure (Yes=1)|3,451|0.52|0.50|0.00|1.00|1.00|0.49|0.56|0.00|0.47|0.57|0.02|0.45|0.58|0.02|
|Eligible for loan lotttery (Yes=1)|3,451|0.55|0.50|0.00|1.00|1.00|0.62|0.62|0.00|0.69|0.67|0.00|0.71|0.68|0.01|
|Offered Business Training (Yes=1)|3,451|0.54|0.50|0.00|1.00|1.00|0.52|0.53|0.00|0.55|0.53|0.00|0.54|0.56|0.04|
|Applied for loan (1=Yes)|2,149|0.31|0.46|0.00|0.00|1.00|0.42|0.18|0.00|0.45|0.17|0.00|0.44|0.22|0.00|
|Approved, conditional on applying (1=Yes)|664|0.76|0.43|0.00|1.00|1.00|0.76|0.76|0.01|0.78|0.75|0.05|0.81|0.74|0.35|
|Borrowed, conditional on being approved (1=Yes)|503|0.69|0.46|0.00|1.00|1.00|0.75|0.52|0.62|0.75|0.55|0.85|0.78|0.63|0.87|
|<br>Amount borrowed ('000 Rs)|445|33.00|16.94|15.00|30.00|50.00|33.83|30.00|0.06|34.59|29.55|0.02|36.04|32.50|0.43|
|<br>**Baseline Characteristics**||||||||||||||||
|**_Individual Characteristics_**||||||||||||||||
|Female (Yes=1)|3,451|0.46|0.50|0.00|0.00|1.00|-|-|-|-|-|-|-|-|-|
|Age|3,451|37.88|12.17|24.00|36.00|55.00|38.18|37.51|0.01|37.5|36.97|0.29|38.49|39.02|0.98|
|Years of Education (0-16)|3,451|4.09|4.51|0.00|3.00|10.00|5.31|2.63|0.00|5.53|2.73|0.00|5.29|2.65|0.00|
|<br>Married (Yes=1)|3,451|0.83|0.37|0.00|1.00|1.00|0.82|0.84|0.12|0.82|0.86|0.13|0.84|0.87|0.09|
|<br>Digit Span Recall (0-8)|3,451|3.31|2.24|0.00|4.00|6.00|3.84|2.68|0.00|4.03|2.74|0.00|3.87|2.48|0.00|
|Member of a Mixed Group (Yes=1)|3,451|0.06|0.24|0.00|0.00|0.00|0.04|0.09|0.00|0.05|0.09|0.00|0.03|0.13|0.00|
|Index of Female Mobility|1,571|0.06|1.35|-1.11|-1.11|2.68|-|0.06|-|-|0.12|-|-|0.15|-|
|<br>Index of No Purdah|1,571|0.15|1.62|-2.58|0.96|1.72|-|0.15|-|-|0.13|-|-|0.37|-|
|Business Owner (Yes=1)|3,451|0.60|0.49|0.00|1.00|1.00|0.61|0.58|0.01|-|-|-|-|-|-|
|Risk Tolerance (0=Risk Averse; 10= Risk Lover)|3,451|3.61|3.03|0.00|4.00|8.00|3.81|3.37|0.00|3.84|3.39|0.00|4.08|3.59|0.00|
|Months as Member<br>|3,451|26.55|23.95|6.00|19.00|54.00|24.57|24.56|0.00|26.92|22.11|0.00|28.38|25.35|0.01|
|**_Household Characteristics_**||||||||||||||||
|<br>Years of Education, Spouse (0-16)|3,451|3.31|4.34|0.00|0.00|10.00|2.12|4.75|0.00|2.24|4.66|0.00|2.06|4.53|0.00|
|<br>Total Household Income (log)|3,451|11.53|0.81|10.59|11.51|12.54|11.62|11.44|0.00|11.71|11.45|0.00|11.53|11.61|0.99|
|Expenditures (log)|3,451|8.28|0.63|7.31|8.01|9.10|8.29|8.27|0.00|8.32|8.29|0.00|8.19|8.39|0.40|
|Number of Children under 9|3,451|2.65|2.17|0.00|2.00|5.00|2.89|2.37|0.00|2.89|2.43|0.00|2.77|2.31|0.01|
|Land (area)|3,451|4.48|18.69|0.01|0.25|10.38|5.94|2.74|0.00|5.84|2.57|0.01|4.99|3.48|0.01|
|Credit constraints (Yes=1)|3,451|0.14|0.35|0.00|0.00|1.00|0.12|0.16|0.00|0.12|0.12|0.00|0.12|0.13|0.01|
|Family ever in business (Yes=1)|3,451|0.61|0.49|0.00|1.00|1.00|0.61|0.61|0.31|0.75|0.7|0.06|0.74|0.69|0.14|
|Decision Making (0-8)|3,451|2.65|3.11|0.00|1.00|8.00|3.34|1.84|0.00|3.35|1.59|0.00|3.20|1.79|0.00|
|<br>**Sources of Credit**||||||||||||||||
|% borrowing Formal Sector 2006-08|<br>2,931|0.05|0.22|0.00|0.00|0.00|0.07|0.03|0.01|0.08|0.03|0.02|0.09|0.01|0.01|
|Amount borrowed 2006 ('000s)|2,931|5.94|50.92|0.00|0.00|0.00|9.67|1.37|0.08|11.57|0.85|0.19|13.35|0.15|0.31|
|% borrowing Microfinance Institutions / Microfinance Banks 2006-08|2,931|0.82|0.38|0.00|1.00|1.00|0.79|0.86|0.00|0.86|0.93|0.00|0.87|0.91|0.00|
|<br>Amount borrowed 2006 ('000s)|2,931|31.17|26.35|0.00|27.00|65.00|34.23|27.42|0.00|37.67|28.79|0.00|39.62|31.54|0.13|
|% borrowing Friends and Family (other than CO members) 2006-08|2,931|0.22|0.41|0.00|0.00|1.00|0.21|0.23|0.11|0.2|0.22|0.30|0.19|0.22|0.47|
|Amount borrowed 2006 ('000s)|2,931|5.57|18.73|0.00|0.00|17.00|6.19|4.81|0.00|6.19|4.78|0.01|6.04|4.61|0.13|
|% borrowing Informal Lenders 2006-08|2,931|0.48|0.50|0.00|0.00|1.00|0.50|0.47|0.16|0.47|0.42|0.27|0.49|0.45|0.20|
|<br>Debt to informal lenders 2006 ('000s)|2,931|15.07|68.88|0.00|0.00|25.00|23.21|5.06|0.00|26.45|4.32|0.00|18.38|4.73|0.02|
|**Businesses**||||||||||||||||
|Agribusiness, Dairy, Livestock (Yes=1)|1,962|0.40|0.49|0.00|0.00|1.00|0.54|0.22|0.00|0.54|0.22|0.00|0.56|0.56|-|
|Retail and Food Services (shopkeeping) (Yes=1)|1,962|0.24|0.42|0.00|0.00|1.00|0.28|0.19|0.00|0.28|0.19|0.00|0.29|0.29|-|
|Handicraft, Tailoring, Vocational Trade (Yes=1)|1,962|0.29|0.46|0.00|0.00|1.00|0.09|0.55|0.00|0.08|0.55|0.00|0.05|0.05|-|
|Other (Yes=1)|1,962|0.07|0.44|0.00|0.00|0.00|0.09|0.04|0.00|0.09|0.03|0.00|0.09|0.09|-|
|Sales('000 Rs)|2,065|14.51|103.18|0.80|4.00|25.00|22.3|4.74|0.01|22.3|4.74|0.00|7.06|7.01|0.48|

Note: All variables are from the baseline survey (November 2006), except for Sources of Credit information, which is from the followup and recalls credit for the 2006-2008 period. See Appendix B for definition of variables.