Adjusting technical help to meet the challenge
As COVID-19 moves from a health crisis to an economic crisis, we are trying to anticipate how little services around the world will weather this storm and where we require to focus our efforts.
LCGC works with micro, little and medium-sized business (MSMEs), primarily in the establishing world. The typical little organisation 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 developing nations and around half of financial activity ¹. Moreover, they tend to employ youths and females.
It is still prematurely to estimate how deeply the pandemic will impact our core constituency. Little services are currently or will quickly face a liquidity crisis, which might wipe out entire sectors 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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