Aggar is the first commercial private microfinance licensed in the country on March 18/2004 and started operation in April 2004. It was initiated by Ethiopian Shareholders to address the “missing middle” as often called i.e. the MSE’s. The founders envisioned to address both social and profitability objectives. Aggar was established by 443 shareholders with paid up capital of Birr 4,243,600.00. Currently its shareholders grew to more than 750, it’s paid up capital to more than 200 million and its total assets to more than 410 million.