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 worldwide will weather this storm and where we require to focus our efforts.
LCGC deals with micro, little and medium-sized enterprises (MSMEs), primarily in the establishing world. The typical small company we work with uses 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 developing countries and around half of financial activity ¹. Additionally, they tend to use youths and women.
It is still prematurely to estimate how deeply the pandemic will impact our core constituency. Little organisations are currently or will soon deal with a liquidity crisis, which might erase entire sections of the economy. In the next couple of months, they will deal with a series of challenges that will depend, to a big degree, on how policymakers react to the crisis today.
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