Equb or Iqub (Amharic: እቁብ) is an association of people in Ethiopian culture with the aim of mobilizing resources, especially finance, and distributing them on a rotating basis,[1][2] via a form of rotating savings and credit association. It is distinguished from Eder by duration of time; Equb is temporary or permanent, while Eder is long-term association. Like Eder, Equb is a cooperative social institution, which helps for funeral insurance where community members elect their leaders, contribute resources either in kind or in cash and support the mourning member.[3]

In Konso community, Equb dominates other financial establishments of micro and small enterprises, expansion and their working capital finance, followed by personal saving, families and relatives.[4]

References

  1. ↑ Karafo, Addisu (2017). "Role of Equb in Financing Micro and Small Business Enterprises in Konso". Rochester, NY. SSRN 3285181. {{cite journal}}: Cite journal requires |journal= (help)
  2. ↑ Bisrat, Agegnehu; Kostas, Karantininis; Feng, Li (2012-01-01). "Are there Financial Benefits to Join RoSCAs? Empirical Evidence from Equb in Ethiopia". Procedia Economics and Finance. The International Conference on Applied Economics (ICOAE), Uppsala, Sweden, 2012. 1: 229–238. doi:10.1016/S2212-5671(12)00027-5. ISSN 2212-5671.
  3. ↑ Emana, Bezabih (2009-02-01). "Working Paper No. 9 - Cooperatives: a path to economic and social empowerment in Ethiopia". www.ilo.org. Retrieved 2022-09-30.
  4. ↑ Karafo, Addisu (30 September 2022). "Role of Equb in Financing Micro and Small Business Enterprises in Konso".
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