Adapting technical help to satisfy the obstacle
As COVID-19 relocations from a health crisis to an economic crisis, we are trying to anticipate how small companies around the world will weather this storm and where we require to focus our efforts.
LCGC deals with micro, small and medium-sized business (MSMEs), mostly in the establishing world. The normal small company we work with utilizes in between 10 and 20 individuals, is close to or is currently export-ready, and wishes to grow globally. These MSMEs represent 60% -70% of tasks in establishing countries and around half of financial activity ¹. Furthermore, they tend to use youths and women.
It is still too early to approximate how deeply the pandemic will affect our core constituency. Little services are already or will quickly deal with a liquidity crisis, which could eliminate entire sectors of the economy. In the next few months, they will deal with a variety of obstacles that will depend, to a large degree, on how policymakers respond to the crisis today.
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