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Adapting technical help to fulfill the obstacle

As COVID-19 moves from a health crisis to a recession, we are attempting to anticipate how small companies worldwide will weather this storm and where we need to focus our efforts.

LCGC deals with micro, little and medium-sized enterprises (MSMEs), mainly in the developing world. The typical small company we deal with employs between 10 and 20 individuals, is close to or is already export-ready, and desires to grow internationally. These MSMEs represent 60% -70% of jobs in developing nations and around half of financial activity ¹. Moreover, they tend to utilize young people and ladies.

It is still prematurely to estimate how deeply the pandemic will affect our core constituency. Small companies are currently or will quickly deal with a liquidity crisis, which could erase whole sectors of the economy. In the next couple of months, they will face a series of obstacles that will depend, to a big degree, on how policymakers react to the crisis today.

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