Imperative Fund Completes $1.5 Million Funding Round for Tabasco, Mexico Project
Social-Impact Fund completes financing on first community development project – lifting 500 families out of poverty
NEW YORK, June 01, 2017 (GLOBE NEWSWIRE) — Imperative Fund, an Impact Investing company that lifts communities out of poverty in 5 years or less while generating market competitive returns, today announced it has successfully completed the financing for the State of Tabasco, Mexico project – code named Tabasco I. The financing comes on the heels of positive media exposure on Imperative Funds social initiatives – lifting communities out of poverty in 5 years or less while delivering a return on investment.
CEO and Co-Founder, Camilo Galvis commented, “The idea of an 8.5% return in investment banking doesn’t sound like huge returns until you realize that money that was put to work will eliminate poverty conditions for 500 families and ensure the future of their children. It’s about making money while doing good.”
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About the Imperative Fund
The Imperative Fund works on sustainably lifting communities out of poverty, in 5 years or less, while recovering 100% of the invested funds and generating market competitive returns. In implementing its model, Imperative aspires to become the most efficient Fund/Company working to bring communities out of poverty. Furthermore, Imperative envisions becoming an outsourcing alternative for governments in their strive to provide access to all the goods and services required to mobilize a community to its next level of social and economic development and environmental sustainability.
By harnessing today’s financial and technological innovation within an open market economy, Imperative’s framework eliminates the association between low-income and poverty. Through a private fund investment strategy built on rigorous by-laws, algorithmic computation and sociological analysis, Imperative bundles social enterprises to deliver a suite of goods and services tailored to the needs of each community.
For more information, please visit: www.imperativefund.com
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