If we base it on their savings, we can say that microfinance has improved the financial standing of these microentrepreneurs. Together, they have accumulated savings of about P4.5 billion as of December 2015. We have no comparative data for 2002 deposits; compared however to the deposits of as December 2011, this represents a 22% growth.
Incidentally, the stability requirement that the policy rate respond to inflation by more than one-for-one is called the Taylor principle (Taylor, 1993, 1999) - the third concept named after John Taylor that has played a role in this talk.