(1)

2010

(2)

2014

(3)

2016

(4)

2018

Online social network

0.346***

0.470***

0.370***

0.241***

(0.027)

(0.031)

(0.033)

(0.022)

Consumption loan

0.187***

−0.085

0.228**

0.199***

(0.040)

(0.075)

(0.090)

(0.056)

Online social network * Consumption loan

−0.071

0.058

0.146**

0.077*

(0.062)

(0.072)

(0.072)

(0.046)

Formal financial institutions

−0.003***

0.018***

−0.002***

−0.004***

(0.001)

(0.004)

(0.0003)

(0.001)

Consumption loan * Formal financial institutions

4.52e−05

0.001**

−0.0002

−0.0003

(0.0001)

(0.0002)

(0.0002)

(0.0002)

Household head characteristics variables

Control

Control

Control

Control

Household characteristics variables

Control

Control

Control

Control

Region

Control

Control

Control

Control

N

5698

4031

3981

6067

R-sq

0.346

0.318

0.318

0.462