Table 6.

Source of Borrowing

	(1) Treatment 1: Financial Education	(2) Treatment 2: Financial Access	(3) Treatment 3: Financial Education and Access	Mean in Control Group	N	R2	Joint tests of treatment groups on outcomes
							T1=T2 (p-value)	T1 = T3 (p-value)	T2 = T3 (p-value)	T1+T2=T3 (p-value)
Formal Source	0.097* (0.054)	0.070 (0.061)	0.100* (0.060)	0.292	480	0.152	0.650	0.973	0.651	0.430
Informal Source	−0.127** (0.057)	−0.188*** (0.065)	−0.160*** (0.062)	0.658	480	0.145	0.344	0.585	0.680	0.0818
Other Source	0.008 (0.036)	0.075 (0.047)	−0.008 (0.036)	0.083	480	0.060	0.145	0.636	0.0734	0.127

Note: Data taken from endline survey. Formal sources of credit include banks, microfinance lenders, and private lenders while informal sources include immediate and extended family, friends, and neighbors. The respondent noted if credit did not come from any of these sources (Other). Each row is a separate regression. All regressions include baseline control variables. All financial services data in the table are self-reported. Regressions also include indicators for missing baseline covariates. Missing baseline covariates for an observation are set to 0. See Online Appendix B for further details on baseline control variables.

^*p<0.10,

^**p<0.05,

^***p<0.010