GretaOFlah

Adjusting technical help to satisfy the obstacle

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


LCGC deals with micro, small and medium-sized enterprises (MSMEs), mostly in the establishing world.
The normal small business 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 jobs in developing nations and
around half of economic activity ¹. Additionally, they tend to employ youths and females.



It is still prematurely to approximate how deeply the pandemic will impact our core constituency.
Small companies are already or will soon deal with a liquidity
crisis, which could erase whole sectors of the economy. In the next
couple of months, they will face a variety of
difficulties that will depend, to a large degree, on how policymakers
react to the crisis today.

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