The results found that some households had sold housing property and land to repay their loans. The result is similar to the study of Aroca (2000) who has found that microfinance resulted in a negative effect on household income. The study on the microfinance of Village Bank in Thailand revealed that microfinance did not change the income of households (Colman, 1999 cited in Montgomery and Weiss, 2005) and did not generate profit for household businesses (Tra Pham and Lensink, 2008).