Postcapitalist Imaginaries of Finance: A Diverse-Economies Perspective on Equubs within the Ethiopian Diaspora in Germany

(Open access article)

The article presents an exploratory study of the equub, a form of community-based finance in the Ethiopian diaspora in Germany. Equubs exemplify how People of African Descent in Germany organize against financial exclusion. Grounded in the theory of diverse economies and the method of "reading for difference", the article analyzes the characteristics of the equub as a nonmarket financial institution that contributes to building community economies. Processes of decommodification, collective governance, and ethical decision making around financial needs are discussed alongside the linkages to the diverse economy at large.