Meet Audra Renyi, Founder of earAccess
Audra took things one step further in 2014 when she founded earAccess, a for-profit company that distributes low-cost hearing aids to low-income families in developing communities.
earAccess is able to deliver the entire process, including testing and fitting the individual then distributing and maintaining the hearing aids at 80% less than the cost of traditional hearing loss healthcare.
In an impact study conducted in Guatemala, Audra found that those suffering from hearing loss were significantly poorer than their auditory healthy counterparts, and were twice as likely to be depressed.
Nine months after receiving hearing aids, 83% of the hard-of-hearing patients that had previously reported symptoms of depression no longer had any of these symptoms. 86% of them reported an increase in self confidence.
“Access to interventions and hearing aids is 10 times worse in developing countries. Our fundamental goal is to make sure that everybody who needs a hearing aid has access to one, without compromising on quality.” -Audra Renyi.
Meet the people they've helped
earAccess has already screened over 10,000 children in Peru and Guatemala. They plan to screen at least 30,000 more children in developing countries in the next 18 months.
Tyler Simpson, senior associate, said clients like earAccess allow him to "use my skills and apply them for social good." He said that while the Sorenson Impact Foundation committee always has the final say in who they fund, the student fellows at the Sorenson Impact Center research the company and present an educated opinion that informs the investing committee's opinion.
Audra said of her experience: "Working with the students at Sorenson Impact was a terrific process. Their questions were excellent, their level of sophistication was really impressive and up to that of professional investors."
To read more about social impact funding projects at Sorenson Impact Center, visit our website.
Created with images by JD Mason - "Old man with hearing aid."