Temeka Conger

How can we help little business affected by the COVID-19 crisis?
  • Netherlands, Breda, Netherlands
  • August 1, 2020 9:33 am

Adapting technical help to fulfill the challenge

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

LCGC works with micro, little and medium-sized business (MSMEs), mostly in the developing world. The typical small company we work with uses in between 10 and 20 individuals, is close to or is currently export-ready, and wants to grow globally. These MSMEs represent 60% -70% of tasks in developing nations and around half of economic activity ¹.
Furthermore, they tend to employ youths and ladies.

It is still prematurely to approximate how deeply the pandemic will impact our core constituency. Small businesses are already or will quickly face a liquidity crisis, which might erase whole sections of the economy. In the next few months, they will face a variety of difficulties that will depend, to a big degree, on how policymakers react to the crisis today.

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