Lazada to support 30,000 MSMEs through campaign

Leo Chow

KUCHING: Malaysia’s leading eCommerce platform, Lazada Malaysia, continues to direct its efforts to support micro and small and medium-sized enterprises (MSMEs) through the government’s Micro and medium-sized enterprises (SMEs) E-commerce Campaign.

The programme is a ringgit-for-ringgit co-funding programme under the digital-led National Economic Recovery Plan (Penjana), and the initiative aims to benefit an estimated 30,000 local MSMEs to help them mitigate the impact of pandemic by going digital, to prepare for the post Covid-19 era.

Lazada Malaysia CEO Leo Chow said that in addition to their previous RM10 million Pakej Kedai Pintar stimulus plan, which has aided 50,000 SMEs from April to June, Lazada would continue to boost local MSMEs by partnering with the government to quicken their recovery in the nation’s post-movement control order (MCO) era.

“With one-third of the population shopping online through our platform every month, we are confident that our continued investment into Malaysia’s small business community will augment Malaysia’s digital ecosystem and further bolster the recovery of the nation’s economy,” he said in a statement yesterday.

Moreover, from July 1 to Sept 30, the campaign on Lazada features a series of customised incentives which includes zero percent interest free financing support for successful MSME loan applicants.

As such, eligible existing and new merchants will benefit from a full subsidy of their online startup cost, which includes creation of store and product listings, free shipping and delivery services, training and workshops; as well as free access to Lazada’s digital and advertising solutions, allowing them to quickly sell online and diversify their revenue streams.

“The initiative also aims to support the differently-abled communities through these trying times in an effort to help them develop a sustainable income stream online.

“If the pandemic has been hard on most businesses, we can only imagine the difficulty that the individuals with disabilities are facing during this time.

“We are working hard to reach out and onboard their businesses onto our platform, so that they too can benefit from this funding. We look forward to assisting and supporting them with the digitalisation of their business,” Leo continued.

In addition to the campaign, Lazada will also continue to work alongside the government to spur the national economy through Buy Malaysia and Shop Malaysia Online initiatives in the upcoming months.

Malaysian local businesses who are interested to participate in the ‘Micro and SMEs E-commerce Campaign’ on Lazada may register at https://bit.ly/2ZVHVZ2.