# **<u>Appendix Table 1: Descriptive information at baseline by Gender</u>**

||<br>**Full**<br>**sample**|<br>**St Dev**|**Male**|**Female**|**Diff**|
|---|---|---|---|---|---|
|_N_|<br>_3,00_|_2_|_1,807_|_1,195_||
|**Firm Characteristics**||||||
|<br>Manufacturing|6.6|25.0|9.4|2.3|7.1***|
|<br>Retail|71.1|45.0|76.6|62.8|13.7***|
|Services|22.3|42.0|14.0|34.8|-20.8***|
|Number of people working in business|2.0|1.3|2.0|2.0|0.0|
|Number of owners|1.1|0.4|1.1|1.1|0.0|
|Age of firm|7.9|7.1|8.9|6.5|2.3***|
|<br>Lilongwe-based|49.8|50.0|47.4|53.4|-6.0***|
|<br>Owner started business|90.8|28.9|92.1|88.9|3.3***|
|Owns space where operates business|34.0|47.4|35.6|31.7|3.9**|
|# new products introduced past 12 months|0.7|2.7|0.6|0.8|-0.2**|
|<br>Advertises|5.5|22.9|6.6|3.9|2.7***|
|Has written business plan|16.6|37.2|17.7|14.8|2.9**|
|<br>Has written budget|2.4|15.3|2.4|2.3|0.1|
|<br>Keeps financial records|55.3|49.7|55.4|55.1|0.3|
|<br>Provides receipts|17.7|38.2|23.5|9.0|14.4***|
|<br>Business with access to electricity|<br>26.7|<br>44.3|<br>24.0|<br>30.9|<br>-6.9***|
|<br>Number of customers past month|945.5|1,293.4|1,031.5|815.8|215.6***|
|<br>Network contacts any sector|105.8|275.5|114.7|92.3|22.4**|
|<br># of competitors|14.6|35.0|15.0|14.1|0.9|
|**Individual Characteristics**||||||
|Owner age|33.5|9.0|33.4|33.6|-0.2|
|<br>Married / Living with someone|80.1|39.9|86.1|71.0|15.1***|
|<br>HH decision making index (0-100)|84.2|19.8|86.7|80.4|6.3***|
|<br>Main provider of income to household|76.9|42.2|94.9|49.6|45.3***|
|<br>Literate|<br>91.5|<br>27.9|<br>92.9|<br>89.3|<br>3.6***|
|Primary school completed is max education|35.6|47.9|36.6|34.2|2.4|
|<br>Secondary school completed is max education|24.3|42.9|23.9|25.0|-1.2|
|Higher education completed|53|224|45|65|-20**|
|<br>High capture|.<br>36.2|.<br>48.1|.<br>35.8|.<br>37.0|.<br>-1.2|
|<br>Financial Literacy knowledge (0-1)|0.43|0.2|0.44|0.42|0.0***|
|<br>Mother Entrepreneur|<br>21.5|<br>41.1|<br>17.9|<br>26.9|<br>-9.1***|
|Mother in Wage Employment|5.9|23.5|4.5|8.0|-3.5***|
|<br>Father Entrepreneur|21.1|40.8|22.0|19.7|2.2|
|Father in Wage Employment|27.1|44.5|23.1|33.2|-10.1***|
|<br>Spouse Entrepreneur|28.6|45.2|30.4|25.9|4.6***|
|<br>Spouse in Wage Employment|15.0|35.7|4.9|30.1|-25.2***|
|**Financials (US$)**||||||
|Revenue past month|1160.5|8499.2|1464.2|701.2|763.0**|
|<br>Profit past month|,<br>215.8|,<br>314.4|,<br>246.7|169.2|77.4***|
|<br>Business assets|1,912.1|4,646.9|2,174.8|1,515.0|659.7***|
|Fixed Assets|<br>969.6|<br>3,358.7|<br>1,093.1|<br>782.8|310.3**|
|**Financial services**||||||
|Any account (formal or informal)|624|484|584|685|-100***|
|<br>Has bank account|.<br>56.8|.<br>49.5|.<br>54.6|.<br>60.2|.<br>-5.6***|
|Has bank account in name of business|20|141|21|19|02|
|<br>Uses any ccount just for business purposes|.<br>4.2|.<br>20.1|.<br>3.7|.<br>4.9|.<br>-1.2|
|<br>ROSCA_SACCO|7.9|27.0|4.9|12.4|-7.5***|
|Saves at home|285|452|319|233|86***|
|<br>Borrowed in the past|.<br>37.0|.<br>48.3|.<br>35.2|.<br>39.7|.<br>-4.6***|
|<br>Bank loan in the past|7.3|26.1|6.00|9.3|-3.3***|
|Debt Outstanding (US$)|336|2002|326|351|-25|
|<br>Takes business money whenever for HH|.<br>78.5|.<br>41.1|.<br>77.5|.<br>80.0|.<br>-2.5*|

46