MoneySmall business
Start-up fund for Jasmine: reopening a bicycle repair shop after a storm that collapsed the roof
Jasmine has run a bicycle repair shop for four years; a storm that collapsed the roof destroyed the equipment, and $2,100 will put it back on its feet.
🇺🇸 Grand Rapids, Michigan, United States858 views
For four years I have run a bicycle repair shop in Grand Rapids. In June, a storm that collapsed the roof took a full set of tools. I have no insurance, and the bank won't lend to me.
Before that, my customers came every Thursday, and I employed 2 people from the neighborhood. I have been out of business for 6 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 $2,100 goes:
• Shop repairs and licensing: $760
• Working capital for the first month: $630
• Initial stock: spare parts: $710
Thank you so much.
Updates from Jasmine
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“Thought of Jasmine all day after reading this. - Katowice”
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“Praying for you. Please keep us posted. - Dammam”
- Hugo K. Campos 🇺🇸 · $5
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Best of luck, Jasmine. Hope the shop reopens soon. The breakdown of costs made it easy to trust.
Sending good thoughts, Jasmine. Shared it with a few friends. Don't be hard on yourself for asking. God bless
sending love, Jasmine. This could happen to any of us. Greetings from Cox's Bazar.
Hang in there, Jasmine. I've been in a tough spot myself and it does get easier. Wish I lived closer to Iztapalapa so I could bring a meal