Social performance differences – advanced statistics (RE-model) Social perf.average loansize% female clients Christian MFIs-119.0-0.067*** firm-specific controls lnta76.01**-0.02*** age3.460.001 dumregulation83.80-0.06** dumownership156.98-0.11*** contextual controls heritage-3.38-0.001 GDP per capita15.930.00 HDI-14170.29 regional dummiesyes time dummiesyes model stats n1354680 Wald χ²194.40***25.56*** R²0.160.34