Figure 1.
Impact of less frequent repayment on financial stress.
Control bars represent means of control group. Treatment bars are sum of control group mean and treatment coefficient estimated by OLS regression. OLS regressions include control variables shown in Panel A of Table S1. Lines on Treatment bars represent plus or minus 1·96 times the standard error of the treatment coefficient. The Financial Stress Index is an unweighted average of “Worried about money,” “Not confident about repaying,” “Argue about finances,” and “Top 25 percentile of minutes spent.” Hence, while it can be represented on a 0 to 1 scale, it should not be interpreted as a percentage like its component measures.
Figure 2.
Time path of client financial stress.
Dots are three-week averages of the Financial Stress Index, plotted separately for control and treatment groups.
Figure 3.
Time path of client income and business investment.
Dots are three-week averages for household income and business investment, plotted separately for control and treatment groups.
Table 1.
Impact of less frequent repayment on financial stress and economic outcomes.