Laksania's uphill struggle against rising costs
One of Singapore's first food and beverage social enterprises may have to shut its kitchens for good after facing a host of financial troubles recently.
Founder Sim Sin Sin has poured her life savings into Laksania. Now she fears that her staff - 60 per cent of whom have mental or physical disabilities - may soon be out of work.
In March, she sold her family's landed property in Upper Thomson to keep the ailing business afloat, bringing the amount that has gone into keeping Laksania alive to over $2 million.
The 52-year-old now lives in a rented house with her family. Madam Sim also stepped down as chief executive officer of cafe chain Secret Recipe earlier this year to focus on her social enterprise.
Our books are in such huge reds that anyone looking at them would frown and think, 'Why throw away good money to chase after bad money?'... We need investors who believe in our cause and share our vision.
- Laksania director Tay Su Yin