Michael Chu Biography

Michael Chu is Managing Director of the IGNIA Fund an investment firm based in Monterrey Mexico dedicated to investing in commercial enterprises serving low-income populations in Latin America which he co-founded in 2007. Chu teaches the second year elective Business and the Base of the Pyramid a course developed with Professor V. Kasturi Rangan. Chu is co-head of Project Antares a collaboration between HBS and the Harvard School of Public Health focusing on commercial approaches to deliver high-impact primary health care to low-income populations in developing nations. Before Pegasus as President & CEO of ACCION International a nonprofit microfinance pioneer Chu worked to develop financial services for low income sectors as a new segment of banking capable of outstanding returns. He participated in the founding of several regulated microfinance institutions and banks throughout Latin America including Banco Solidario which under his chairmanship has been the most profitable bank in Bolivia Mibanco in Peru and Compartamos Banco which following its IPO in the Mexican Stock Exchange in 2007 has been incorporated into that exchange's index.

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