# **<u>Table 2. Randomization Check</u>**

||||Means|P-val of<br>test|t-||Means|P-val of t-<br>test|
|---|---|---|---|---|---|---|---|---|
||N. Obs|BT|No BT|(2)=(3)|N. Obs|Winne|r<br>Loser|(6)=(7)|
||(1)|(2)|(3)|(4)|(5)|(6)|(7)|(8)|
|**_Member_**|||||||||
|Age|4161|37.3|37.9|0.48|2283|38.2|37.8|0.45|
|Years of Education|4161|3.93|3.90|0.71|2283|4.05|3.96|0.50|
|Male (1=yes)|4161|0.49|0.54|-|2283|0.54|0.55|-|
|Married (1=yes)|4161|0.89|0.89|0.49|2283|0.93|0.90|0.04|
|Digit Span Recall|4161|3.16|3.29|0.56|2283|3.31|3.26|0.46|
|Stress index|4161|-0.06|0.07|0.41|2283|-0.07|0.03|0.08|
|Business Knowledge index|4161|0.04|-0.05|0.85|2283|-0.04|0.03|0.07|
|<br>Female Mobility index|2017|0.02|-0.03|0.44|1044|0.04|0.03|0.89|
|No Purdah index|2017|-0.09|0.12|0.38|1044|-0.06|0.07|0.21|
|Risk Tolerance|4161|3.45|3.63|0.86|2283|3.56|3.56|0.92|
|Months as CO member|4161|23.9|26.7|0.48|2283|26.6|25.7|0.24|
|Interested in Training|4161|0.63|0.52|0.23|2283|0.58|0.58|0.69|
|Holds office in CO|4161|0.22|0.19|0.01|2283|0.21|0.22|0.77|
|Business at Baseline (1=Yes)|4161|0.62|0.59|-|2283|0.66|0.66|-|
|Eligibility|4161|0.55|0.55|-|2283|-|-|-|
|**_Household_**|||||||||
|Household Size|4161|7.62|7.41|0.32|2283|7.44|7.47|0.82|
|Fraction of CO Members of same Zaat (caste)|4161|0.36|0.31|0.70|2283|0.33|0.32|0.38|
|Ever in Business (1=Yes)|4161|0.62|0.60|0.55|2283|0.62|0.64|0.55|
|Household member has held hereditary or political office (1=Yes)|4161|0.11|0.13|0.42|2283|0.12|0.15|0.07|
|Land (acres)|4161|4.01|3.79|0.32|2283|3.01|3.87|0.21|
|Distance to CO meeting place|4161|7.90|8.00|0.20|2283|8.16|8.14|0.93|
|Credit Constraints (1=Yes)|4157|0.52|0.46|0.02|2282|0.53|0.50|0.14|
|<br>Log of Household Expenditures|4161|8.27|8.27|0.86|2283|8.23|8.26|0.17|
|Decision-making power (0-8)|4161|2.61|2.51|0.28|2283|2.77|2.58|0.10|
|<br>Member has a bank account|4161|0.10|0.10|0.65|2283|0.10|0.11|0.66|
|Self-employment (1=Yes)|4161|0.25|0.29|0.82|2283|0.30|0.28|0.18|
|**_Business_**|||||||||
|**_Sector_**|||||||||
|Agribusiness, Dairy, Livestock (1=Yes)|2532|0.36|0.35|0.71|1507|0.38|0.39|0.54|
|Retail and Food Services (shopkeeping) (1=Yes)|2532|0.19|0.19|1.00|1507|0.23|0.19|0.04|
|Handicraft, Tailoring, Vocational Trade (1=Yes)|2532|0.31|0.31|0.87|1507|0.25|0.28|0.10|
|Other (1=Yes)|2532|0.13|0.14|0.64|1507|0.15|0.14|0.82|
|**_Business Operation_**|||||||||
|Business has fixed location (1=Yes)|2532|0.94|0.93|0.77|1507|0.93|0.94|0.35|
|Operates all months (1=Yes)|2532|0.79|0.80|0.59|1507|0.80|0.81|0.67|
|**_Business Practices_**|||||||||
|Purchase on credit allowed (1=Yes)|2532|0.70|0.70|0.91|1507|0.68|0.67|0.50|
|Records sales (1=Yes)|2532|0.18|0.16|0.25|1507|0.17|0.18|0.52|
|Records Money taken from business (1=Yes)|2149|0.18|0.16|0.26|1282|0.18|0.18|0.96|
|<br>**_Employment and sales_**|||||||||
|Number of Workers|2532|2.50|2.35|0.12|1507|2.50|2.46|0.69|
|Paid Workers (1=Yes)|2532|0.10|0.09|0.43|1507|0.09|0.10|0.52|
|Log Good Month Sales|2500|8.76|8.77|0.90|1490|8.83|8.87|0.45|
|Log Average Month Sales|2493|8.27|8.30|0.74|1484|8.34|8.38|0.46|
|LogBad Month Sales|2510|7.72|7.78|0.51|1494|7.79|7.85|0.31|

Note: Data come from baseline survey of November 2006. See Appendix B for definition of variables. Columns 4 and 8 report the p-value of the t-test of the difference between columns 2 and 3 and columns 6 and 7, respectively.