TABASCO - MEXICO
Imperative Fund’s first project launched in the State of Tabasco, Mexico in late 2016, and will benefit 500 families (approximately 2,250 people) in its initial phase. The first stage of implementation provides brand new structural housing, financial literacy workshops, broadband Internet, access to mobile-money and wireless communications.
We start by replacing shanty homes with structural housing, sourcing local eco-friendly materials. The community is trained and paid to build their own houses and those of their neighbors, thus generating economic spillover.
We then build an efficient decentralized wireless mesh network that allows the entire community to share a single robust broadband connection. The cost is split between everyone, resulting in a marginal cost per household.
We empower communities through financial education workshops that focus on the distinction between savings and borrowing, motivating families to save for their home down payments. We also provide the option of a mobile-money account and teach them how to use it.
Based on the extremely secure blockchain infrastructure, we provide Mobile-Money accounts to previously unbanked families, allowing them to make online payments, receive remittances, and use a wide range of services without the high costs associated with traditional banking.
Leveraging the network implemented for broadband Internet service, we enable 2G connectivity that provides families with unlimited local mobile telephony, including video-conferencing at speeds up to 500mbps, and very low cost long distance calling.
We provide small storeowners with water filtering systems that enable them to sell clean water at much lower prices than commercial purified water, eliminating the need and cost of people having to commute to access clean water.
We provide electricity to remote communities that do not have access to electric power, reducing diesel and candle consumption, which has a negative impact on people’s health and the environment.
We provide quality healthcare through a micro-insurance model that negotiates plans from insurance underwriters at highly discounted rates, by partnering with locally present corporations to piggyback on their large beneficiary pools.
We eliminate landfills by teaching the community that trash can be a source of income, separating organic waste from recyclable materials and sorting them to be sold to recycling plants. Organic waste is converted into 100% organic fertilizer.
We eliminate “poverty tax”: the surcharge paid by poor people who can only purchase in small quantities. The basic basket cost is reduced by up to 30% by cutting middlemen employing reusable containers that eliminate packaging costs and waste.