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Adjusting technical help to satisfy the difficulty

As COVID-19 moves from a health crisis to a recession, we are trying to expect how little services worldwide will weather this storm and where we need to focus our efforts.

LCGC works with micro, small and medium-sized enterprises (MSMEs), mostly in the developing world. The normal little company we deal with uses 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 countries and around half of financial activity ¹. Moreover, they tend to employ youths and women.

It is still prematurely to approximate how deeply the pandemic will impact our core constituency. Small services are currently or will quickly deal with a liquidity crisis, which might eliminate entire segments of the economy. In the next few 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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