MoneySmall business
Start-up fund for Tigist: reopening a sewing studio after a long illness and repossession
Tigist has run a sewing studio for nine years; a long illness and repossession destroyed the equipment, and $450 will put it back on its feet.
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For nine years I have run a sewing studio in Addis Ababa. In January, a long illness and repossession took a cutting table and overlocker. I have no insurance, and the bank won't lend to me.
Before that, my customers came every Tuesday, 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 $450 goes:
• Initial stock: fabric: $45
• Working capital for the first month: $75
• Replacing a cutting table and overlocker: $330
Please ask me anything in the questions section. I'll answer honestly and quickly.
Updates from Tigist
Wanted to say thank you properly. 91% funded and the plan for initial stock: fabric is now scheduled.
Thank you all. We're at 71% now ($319). I'm honestly stunned. I made the first payment toward working capital for the first month.
57% there. the plan for initial stock: fabric is now scheduled. Thank you.
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