MoneySmall business

Start-up fund for Oanh: reopening a bicycle repair shop after the demolition of the market

Oanh has run a bicycle repair shop for twelve years; the demolition of the market destroyed the equipment, and $650 will put it back on its feet.

Anywhere in the world1,649 views

Oanh Doan

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Hồ Chí Minh City

For twelve years I have run a bicycle repair shop in Hồ Chí Minh City. In September, the demolition of the market took a full set of 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 8 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. I'll buy equipment from local suppliers and post photos and receipts as I go. Where the $650 goes: • Replacing a full set of tools: $380 • Initial stock: spare parts: $65 • Shop repairs and licensing: $95 • Working capital for the first month: $110 Even a small gift gets used right away and I'll thank you myself.

#small-business #livelihood #restart

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