User:StanColls3

Adapting technical help to satisfy the challenge

As COVID-19 moves from a health crisis to a financial crisis, we are trying to expect how little services all over the world will weather this storm and where we require to focus our efforts.

LCGC works with micro, small and medium-sized business (MSMEs), primarily in the establishing world. The common small company we work with utilizes between 10 and 20 people, is close to or is already export-ready, and wishes to grow worldwide. These MSMEs represent 60% -70% of jobs in establishing nations and around half of economic activity ¹. Furthermore, they tend to use young individuals and females.

It is still too early to estimate how deeply the pandemic will impact our core constituency. Small companies are already or will soon face a liquidity crisis, which might eliminate entire segments 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 respond to the crisis today.

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