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Adapting technical help to meet the challenge

As COVID-19 moves from a health crisis to an economic crisis, we are attempting to expect how small services all over the world will weather this storm and where we need to focus our efforts.

LCGC works with micro, little and medium-sized enterprises (MSMEs), mainly in the establishing world. The common small company we work with utilizes between 10 and 20 individuals, is close to or is currently export-ready, and wants to grow internationally. These MSMEs represent 60% -70% of jobs in establishing nations and around half of financial activity ยน. Furthermore, they tend to use youths and ladies.

It is still too early to approximate how deeply the pandemic will affect our core constituency. Small companies are already or will quickly face a liquidity crisis, which might wipe out entire sections of the economy. In the next couple of months, they will deal with a variety of obstacles that will depend, to a big degree, on how policymakers react to the crisis today.

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