Elena was the name of a lady we met on the streets of Phomolong Ext 6 while going on an exploratory family walk this morning.
She is a tailor by trade and was recently awarded a contract of R115 000 by the Department of Social Development to make just over 300 uniforms for learners of a Mamelodi school. Each uniform comprises of a jersey, skirt and socks.
Elena gets a 30% upfront fee to support operating costs. She has used this to buy material from Joburg and some labour costs.
Challenge is this. With 80 uniforms completed she has run out of money to pay her employees. She is now feeling very stressed and no bank would offer her a loan. The local micro lenders charge 50% interest per month. She needs R10 000 to cover this operational gap.
Sounds a bit like one of those tricky interview questions but for Elena, this is a real life challenge.
Now here is the question: WWYD – What would you do?