// Workers AI · dad joke modeWhat did Equb say to Equb? Equb-ody loves Equb.
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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.[1][2] 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
[edit]- ↑ 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/