Aggar Microfinance
in Ethiopia 🇪🇹
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About Aggar Microfinance in Ethiopia
Aggar Microfinance is a commercial private microfinance institution operating in Ethiopia. It is the first commercial private microfinance institution licensed in the country, holding a distinguished position in Ethiopia's microfinance sector.
The institution focuses on serving the "missing middle" - micro and small enterprises (MSEs) that traditionally lack access to formal financial services. Aggar operates with a dual mandate of achieving both social development objectives and profitability for its shareholders.
As of recent data, Aggar serves over 16,305 active borrowers with an outstanding loan portfolio of 637.5 million Ethiopian Birr and manages savings deposits of 177.9 million Ethiopian Birr.