The Rowe Fund's Assets:

The original legacy of Dr. Rowe has gradually grown over the years from the initial endowment of $623,605 (equivalent to $5.0 million, at 2008 prices) to $14.5 million as of December 2007; however, due to the recent economic crisis, the last quarter of 2008 experienced the loss of 21.2 percent of the Fund's net assets.  Notwithstanding, the Rowe Fund has manages to raise the level of individual loans while maintaining the interest-free policy thanks to an exemplary record of reimbursement of loans and a portfolio of prudent investments. 

Between 1948 (when its operations began) and 2008, the Rowe Fund granted 7,630 loans for a total of $17.7 million (equivalent to $37.5 million at 2008 prices). 

"The relation between human capital and the level of development of a nation depends on the individual's willingness to invest in him/herself through education."

Paul Schultz, Nobel Prize in Economics

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