“This is the lowest I’ve ever been.” An Indonesian entrepreneur lost his travel business to the pandemic. When he told his girlfriend this meant pushing back their engagement, he lost her, too.
Mr. Rizky’s company closed. His relationship with the woman he planned to marry ended. The 32-year-old now sleeps on a sofa bed in a room adjoining a friend’s carpentry workshop.
While struggling companies in advanced economies received aid to cushion the pandemic’s blow, cash-strapped developing countries have provided minimal or no support. Banks are wary about giving loans to such businesses, which they see as riskier than large companies.
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