MoneySmall business

Start-up fund for Faith: reopening a phone repair counter after a fire in the building

A phone repair counter in Lapu-Lapu needs help replacing a soldering station and testing tools after a fire in the building.

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Faith M. Lacson

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Lapu-Lapu

For fifteen years I have run a phone repair counter in Lapu-Lapu. In May, a fire in the building took a soldering station and testing tools. I have no insurance, and the bank won't lend to me. Before that, my customers came every Monday, and I employed 1 people from the neighborhood. I have been out of business for 7 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 $650 goes: • Working capital for the first month: $105 • Replacing a soldering station and testing tools: $420 • Initial stock: replacement parts: $125 I hope life is good to you. - Faith

#small-business #livelihood #restart

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