I am sure loads of people will have good suggestions - but I would take a look at Giant - in addition to a 650 wheeled bike, they also do one with 24" wheels. I am about 5' 1" and I use a 43cm frame w/ 650 wheels - she would need about this size or possibly smaller.
Also you quite often see these types of bikes second hand which have been bought for youths who have then grown out of them - also 650 don't command a high price second hand as demand is limited.
Best of luck



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