Somalia, like many other countries in the world, is facing the unprecedented challenge of the coronavirus disease (COVID-19) pandemic which has health and socio-economic impact. SMEs are at the centre of the economic crisis brought on by the COVID-19 pandemic and containment measures. The current crisis has affected SMEs disproportionately, and has revealed their vulnerability to the supply and demand shock with a serious risk that over 50% of SMEs will not survive the next few months. A widespread collapse of SMEs (60-70% of Somali employment) could have a strong impact on national economies, on perceptions and expectations, and even on the financial sector, which may already be under strain by non-performing portfolios.