SOCIO-ECONOMIC IMPACT OF THE COVID_19 VIRUS"

Digital Book
"The micro-enterprises"

An essay about micro-enterprises, what they did to reinvent themselves and how they are currently doing.

MEMBERS:
- Omar GIL
- Santiago VILLEGAS

TEACHER: Lucy Peñaloza
GRADE: 5°A

INTRODUCTION

Micro-businesses are all those businesses that have less than 10 workers, generate annual sales of up to 4 million pesos and represent 95 percent of the total number of companies and 40 percent of employment in the country; in addition, they produce 15 percent of the Gross Domestic Product.

I know a micro-entrepriser named Patrick Moran, he is a friend of mine who in this pandemic decided to open his clothing store, it is an enterprise that has been preparing it for a long time and its sales are rising. His store is called Mcwear and he has been an example to follow. Many people got used to virtual shopping, my friend has his page on Instagram and thus gives more facilities to the customer.

Do you agree that these people request loans from banks to cover the expenses of their micro-enterprises? Why?

Yes, because in some way they need that capital to support their expenses and keep their business and/or enterprise afloat.

For my part, I would support by recommending their sites (as long as they are trustworthy), and buying one of their products to motivate the sellers to go ahead with their micro-enterprise.