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Adapting technical help to meet the obstacle

As COVID-19 relocations from a health crisis to a financial crisis, we are attempting to prepare for how small companies all over the world will weather this storm and where we need to focus our efforts.

LCGC deals with micro, little and medium-sized business (MSMEs), mostly in the establishing world. The common small company we deal with employs between 10 and 20 people, is close to or is already export-ready, and wishes to grow internationally. These MSMEs represent 60% -70% of jobs in establishing countries and around half of economic activity ¹. Furthermore, they tend to use young individuals and ladies.

It is still too early to approximate how deeply the pandemic will impact our core constituency. Small businesses are currently or will soon face a liquidity crisis, which might eliminate whole segments of the economy. In the next few months, they will deal with a series of challenges that will depend, to a big degree, on how policymakers respond to the crisis today.

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