Equb or Iqub (
Amharic
Amharic ( or ; (Amharic: ), ', ) is an Ethiopian Semitic language, which is a subgrouping within the Semitic branch of the Afroasiatic languages. It is spoken as a first language by the Amharas, and also serves as a lingua franca for all oth ...
: እቁብ) is an
association of people in
Ethiopian culture with the aim of mobilizing
resources, especially
finance
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...
, and distributing them on a
rotating basis. It is distinguished from
Eder Eder may refer to:
People
* Eder (surname)
* Éder (given name), a Portuguese or Spanish given name
*Éder (footballer, born 1986), Brazilian footballer Éder Citadin Martins
*Eder (footballer, born 1987), Portuguese footballer from Guinea-Bissau E ...
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
Konso (also known as Karati) is a town on the Sagan River in south-western Ethiopia. The administrative center of the Konso special woreda of the Southern Nations, Nationalities, and Peoples Region, this town has a latitude and longitude of an ...
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
{{Reflist
Banking in Ethiopia
Social institutions
Ethiopian culture