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Adjusting technical help to meet the obstacle

As COVID-19 relocations from a health crisis to an economic crisis, we are attempting to expect how small companies worldwide 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 developing world. The typical little service we deal with employs in between 10 and 20 people, is close to or is already export-ready, and wishes to grow worldwide. These MSMEs represent 60% -70% of tasks in establishing nations and around half of financial activity ¹. Moreover, they tend to use young people and females.

It is still prematurely to estimate how deeply the pandemic will affect our core constituency. Little companies are currently or will soon deal with a liquidity crisis, which might clean out whole sections of the economy. In the next few months, they will deal with a variety of obstacles that will depend, to a big degree, on how policymakers respond to the crisis today.

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