ISSN: 2222-6990
Open access
Micro, small and medium enterprises (MSMEs) have always been recognized as a major contributors to the Malaysian economy. The global COVID-19 outbreak has severely affected the economic landscape of Malaysia and impacted the microentrepreneurs because they mainly do not have enough financial resources to support their business. However, as the COVID-19 cases keep increasing, the third MCO (MCO 3.0) has been imposed and this situation continues to disrupt the business activities of microentrepreneurs. Despite the stimulus packages provided by the government to cushion the impact on businesses, different microentrepreneurs have different experiences and capabilities to mitigate the negative impact of COVID-19. The purpose of this study is to understand the challenges faced by microentrepreneurs during MCO 3.0 and to investigate to what extent their access to resources influences their business strategy. This study employed a qualitative approach and collected data using phone interviews with five selected microentrepreneurs in Perak. The findings of this study depicted the main challenges surrounding these microentrepreneurs are a lack of financial resources and supply chain issues. This study also found the access to financial capital and social capital influence microentrepreneurs to undertake business strategies that can ensure their businesses sustain during the pandemic crisis.
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In-Text Citation: (Zaini et al., 2021)
To Cite this Article: Zaini, N., Salleh, N. A., Zawawi, M. M., & Hashim, H. (2021). COVID-19 and Movement Control Order (MCO) in Malaysia: Access to Financial and Social Capital for Microenterprise Sustainability. International Journal of Academic Research in Business and Social Sciences, 11(12), 1337–1348.
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