Our generation has not applied their imagination and will to innovate to create market based solutions for underserved communities

Maya Chorengel

Maya co-founded Elevar in 2008 with the view that “Billions at the base of the economic pyramid lack access to fundamental services, not because providing these services is commercially unviable, but because our generation has not applied their imagination and will to innovate to create market based solutions for these communities.”

A Filipino-German, Maya grew up in Asia and has over 20 years of private equity, venture capital, impact investing and investment banking experience with a passion for using bottom-up solutions to development challenges. Maya has worked in Hong Kong, Singapore, the Philippines, Indonesia, India, Great Britain and the US. She currently serves as a Director of GloboKasNet (a leading payments transaction services company in Peru). She is also a Director of Kiva and Salish|Growth. Prior to Elevar, Maya was Managing Director of the Dignity Fund, a private investment fund where she structured and completed local currency debt financing for 15 high-growth microfinance institutions in 4 continents. She currently serves as an advisor to several impact investing funds and organizations and is a member of the Industry Advisory Council of the US National Advisory Board on Impact Investing (NAB). Maya has served on multiple boards in the past including Aarusha Homes, Caja Rural Los Andes, Dignity Fund, the International Association of Microfinance Investors, Silicon Valley Microfinance Network, Wokai, North Pole Ltd., printChannel and vCustomer. Maya lectures regularly at universities and business schools on impact investing.

Maya started her career in 1992. She first worked as an investment banker at James D. Wolfensohn, Incorporated (New York) and Morgan Stanley (Hong Kong and Singapore). Prior to the Dignity Fund, she was at Warburg Pincus, a leading, global private equity investor. At Warburg Pincus, she was based in their New York, Hong Kong and Menlo Park offices, investing in growth companies (including leveraged buyouts and post Asian-crisis balance sheet restructurings) in a variety of industries. Maya graduated magna cum laude, Phi Beta Kappa, in Social Studies from Harvard University and she received her MBA from Harvard Business School. She enjoys discovering the world with her husband and two sons and hopes one day to write a novel.