- Source: Equb
Equb, Iqub or Ekub (Amharic: እቁብ) is an association of people in Ethiopian culture with the aim of mobilizing resources, Refer My Ekub especially finance, and distributing them on a rotating basis, 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.
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.
References
5.https://shega.co/post/my-ekub-expands-service-to-include-public-equbs/
