MoneySmall businessUrgent
Sade needs a full set of tools to reopen a bicycle repair shop
Sade has run a bicycle repair shop for fifteen years; floodwater destroyed the equipment, and $550 will put it back on its feet.
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For fifteen years I have run a bicycle repair shop in Gwagwalada. In May, floodwater took a full set of tools. I have no insurance, and the bank won't lend to me.
Before that, my customers came every Sunday, and I employed 3 people from the neighborhood. I have been out of business for 12 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 full set of tools: $330
• Initial stock: spare parts: $60
• Shop repairs and licensing: $75
• Working capital for the first month: $85
Thanks for reading all this.
- Sade
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Take care. Hope the shop reopens soon. My mother had a similar thing happen so this one hit home