That's definitely a loading problem. The game tries to load a bunch of things to memory at start-up, which is why Tailor Tales needs at minimum 2GB of RAM to work properly. Recommended is 4Gb of RAM.
I will look into optimization for the next update (next update is in January), but currently, you wouldn't be able to run Tailor Tales with those specs.
However, would you be interested in testing the optimization for me? I'd like to have TT run on lowers specs, but I do not have a device where I can test it on. Considering you crashed straight away, you'd be the perfect candidate to test the new version for me.