BK sends mobile banking vans to rural communities

Sep 27, 2012

The Bank of Kigali (BK) has launched a new effort to target people living in rural communities in Rwanda.

Mobile banking vans are being deployed to ensure residents of these locations have access to the financial services enjoyed by their counterparts in major towns and cities, reports the New Times.

Lawson Naibo, chief operations officer at BK, said this enables individuals to access, withdraw and deposit cash and set up bank accounts.

People will also be able to make use of microfinance institutions as a result of the move, as well as savings and credit cooperatives (SACCOs),

"The objective is to reach and serve as many Rwandans as possible," he commented.

However, Mr Naibo pointed out that improving liquidity management in SACCOs is another priority it hopes to address.

Five mobile banking vans have been deployed, with each being connected directly to the police and making use of a General Packet Radio Service monitored at BK's headquarters.ADNFCR-2976-ID-801458331-ADNFCR