MoneySmall business
Back to business - Folake's comeback in Lagos
Folake has run a street-food cart for three years; floodwater destroyed the equipment, and $550 will put it back on its feet.
🇳🇬 Lagos, Nigeria1,352 views
For three years I have run a street-food cart in Lagos. In July, floodwater took a gas stove and two refrigerators. I have no insurance, and the bank won't lend to me.
Before that, my customers came every Wednesday, and I employed 3 people from the neighborhood. I have been out of business for 3 weeks.
This business pays my children's school fees and rent. I have already started working from home in small ways, but I can't meet orders without proper equipment.
Every contribution brings me closer to reopening, and I promise to post photos as I buy each item.
Once I'm back on my feet I plan to hire back the people I had to let go.
Where the $550 goes:
• Replacing a gas stove and two refrigerators: $330
• Initial stock: ingredients: $90
• Shop repairs and licensing: $75
• Working capital for the first month: $55
Please ask me anything in the questions section. I'll answer honestly and quickly.
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