Adapting technical help to meet the difficulty
As COVID-19 relocations from a health crisis to a financial crisis, we are trying to anticipate how small companies worldwide will weather this storm and where we need to focus our efforts.
LCGC works with micro, little and medium-sized business (MSMEs), primarily in the establishing world. The typical little business we deal with utilizes in between 10 and 20 people, is close to or is currently export-ready, and wants to grow globally. These MSMEs represent 60% -70% of jobs in developing nations and around half of financial activity ¹. Additionally, they tend to employ young individuals and women.
It is still prematurely to approximate how deeply the pandemic will affect our core constituency. Small businesses are already or will soon deal with a liquidity crisis, which could erase whole sections of the economy. In the next few months, they will face a series of difficulties that will depend, to a big degree, on how policymakers respond to the crisis today.
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