We are pleased to provide an update on Bpeace's efforts with the Rwandan Beauty School initiative. As you know, a goal of the program is to expand vocational training services in a country where there are few.

The Rwandan government is in the early stage of designing a government led apprenticeship program. This is an opportunity for Bpeace to accelerate beauty salon vocational training far beyond classroom students by moving to an apprenticeship model instead of a school.

This change brings significant productivity and economic gains. 1) Many in the beauty industry consider apprenticeships the most effective learning approach. 2) Apprenticeships can be implemented at a much lower cost across a greater number of entry-level workers. 3) The Rwandan government provides tax incentives to businesses providing training.

Apprenticeships will also be a tool for Bpeace to help entrepreneurs in other industries expand their workforce.

Our next steps are to refresh a needs assessment among beauty salon owners and redesign the model; verify the incentives the Rwandan government will provide to business owners; determine measurable outcomes for the program; recruit the Fast Runner salon owners; work with them and beauty professionals to shape the training and on-the-job activities; and partner with local organizations to recruit and vet the apprentices.

We will codify everything as we move along so we can later scale quickly into other industries.