Progress
Less than 18 months after its inception, the PEF had disbursed more than 5,000 loans. Within three years (2004), approximately 10,000 young adults had received loans from the fund. By 2007, the numbers had climbed to 27,000 students in 39 different countries, and in late 2009, it was announced that over 40,000 people had received loans through the program.
The Perpetual Education Fund has made loans to students in more than 40 countries, including Bolivia, Brazil, Cambodia, Chile, Mexico, Mongolia, Peru, the Philippines, India, Fiji, Tonga, South Africa, Ghana, and Nigeria.
Read more about this topic: Perpetual Education Fund
Famous quotes containing the word progress:
“Met face to face, these Indians in their native woods looked like the sinister and slouching fellows whom you meet picking up strings and paper in the streets of a city. There is, in fact, a remarkable and unexpected resemblance between the degraded savage and the lowest classes in a great city. The one is no more a child of nature than the other. In the progress of degradation the distinction of races is soon lost.”
—Henry David Thoreau (1817–1862)
“A party of order or stability, and a party of progress or reform, are both necessary elements of a healthy state of political life.”
—John Stuart Mill (1806–1873)
“The progress of freedom depends more upon the maintenance of peace, the spread of commerce, and the diffusion of education, than upon the labours of cabinets and foreign offices.”
—Richard Cobden (1804–1865)