Table A1: Endline outcomes by sample groups

|||**B**|**orrowing**||**Survival**||**Performance (**|**Main business)**||**Inputs (Main business)**|
|---|---|---|---|---|---|---|---|---|---|---|
||(1)<br>Borrowed|(2)<br>Borrowed from formal source|(3)<br>Borrowed from informal source|(4)<br>Total amount borrowed|(5)<br>Business was operating|(6)<br>Last year’s proft|(7)<br>Last year’s proft|(8)<br>Last 30 days sales|(9)<br>Last 30 days sales|(10)<br>Inputs index|
||in the past 3 years<br>(Yes 1; No 0)|in the past 3 years<br>(Yes 1; No 0)|in the past 3 years<br>(Yes 1; No 0)|(Conditional)<br>(IHS)|at endline<br>(Yes 1; No 0)|(Unconditional)<br>(Level)|(Unconditional)<br>(IHS)|(Unconditional)<br>(Level)|(Unconditional)<br>(IHS)|(Unconditional)<br>(IHS)|
|IE Treatment Group|0.302***|0.468***|-0.117|0.607**|0.144*|342.133|1.366|-194.344|0.494|-0.038|
||(0.074)|(0.074)|(0.081)|(0.284)|(0.079)|(371.587)|(1.043)|(251.091)|(0.751)|(0.145)|
|Non-IE Above 370|-0.052|-0.073|-0.030|-0.445|-0.020|-417.840|0.317|-418.011**|-0.404|-0.344***|
||(0.077)|(0.075)|(0.072)|(0.312)|(0.073)|(266.668)|(0.930)|(196.415)|(0.722)|(0.111)|
|Non-IE Below 370|-0.046|0.009|-0.048|-0.192|0.094|-634.874**|0.886|-491.378***|0.438|-0.129|
||(0.090)|(0.087)|(0.084)|(0.334)|(0.086)|(283.595)|(1.065)|(178.347)|(0.858)|(0.120)|
|Psychometric score above median (0/1)|0.038|0.099*|-0.004|0.118|0.126**|-7.959|1.355*|34.497|1.442**|0.141|
||(0.061)|(0.059)|(0.058)|(0.220)|(0.060)|(244.444)|(0.758)|(146.487)|(0.595)|(0.092)|
|**ANCOVA**|✓|✓|✓|✓|✗|✓|✓|✓|✓|✗|
|Observations|320|320|320|203|321|307|311|307|307|321|
|Control mean|0.61|0.42|0.32|12.5|0.67|1393.7|9.10|909.2|9.28|0.18|
|_R_<sup>2</sup>|0.076|0.17|0.014|0.13|0.031|0.048|0.046|0.10|0.078|0.063|

Notes: The impact evaluation (IE) control group is the omitted reference group. The IE control group refers to the individuals who passed the assessment (scored above 370) and business appraisal and were randomized to the control group (not offered an uncollateralized loan). IE treatment group refers to the individuals who passed the assessment and business appraisal and were randomized to receive an uncollateralized loan. Non-IE above 370 refers to those who passed the assessment (scored above 370) but failed the business appraisal. Non-IE Below 370 refers to those who did not pass the test. Outcome 1 takes the value of 1 if respondent borrowed formally or informally and 0 otherwise. Outcome 2 takes the value of 1 if the respondent borrowed any money for their business from Banks, Micro-Finance Institutions (MFI), or Credit Unions. Outcome 3 takes the value of 1 if the respondent borrowed any money for their business from their spouse, friends and relatives, and informal savings groups. Outcome 4 includes both formal and informal borrowing amounts reported by the respondent, conditional on borrowing. Outcome 5 takes the value of 1 if business was operating at the time of the endline survey (September 2021). Outcomes 6-7 are raw and IHS transformed self-reported total profits from the year 2013 in the Ethiopian calendar (which is 2020 in the Gregorian calendar), respectively. Outcomes 8-9 are sales from the past 30 working days. Outcome 10 is an index of average z scores of capital, inventory and raw materials for main business. 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, as well as if the respondent was above or below the median psychometric score cut-off. Observations represent number of individuals. Robust standard errors are in parentheses. * _p <_ 0 _._ 05, ** _p <_ 0 _._ 01, *** _p <_ 0 _._ 001