That's a nice approach. Great she has a friend like you as well. The bike will need some TLC so have her set aside a little money for that unless you plan to do it for her. That would save her even more money. Looks like the most expensive thing would be tires. Good tires don't have to cost. I always find great deals on ebay 2 x Michelin Lithion 2 700 x 23 Folding Road Bike Tires One Pair Black Blue | eBay