Equb, Iqub or Ekub ( Tigrinya: እቁብ) is a rotating savings and credit association of people in Eritrean and Ethiopian cultures with the aim of mobilizing resources and distributing them.12 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
References
- 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) - 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.
- 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.
- Karafo, Addisu (30 September 2022). "Role of Equb in Financing Micro and Small Business Enterprises in Konso".
5.https://shega.co/post/my-ekub-expands-service-to-include-public-equbs/