--- title: "Bringing Mobile Personal Loans to Mexico | Roberto Salcedo Nieto" url: https://www.seedstars.com/content-hub/life/bringing-mobile-personal-loans-mexico-roberto-salcedo-nieto/ --- 1. [HOME](/) 2. [RESOURCES](/content-hub/) 3. [SEEDSTARS LIFE](/content-hub/life/) 4. BRINGING MOBILE PERSONAL LOANS TO MEXICO | ROBERTO SALCEDO NIETO LATAM • FINANCIAL SERVICES ## Bringing Mobile Personal Loans to Mexico | Roberto Salcedo Nieto Seedstars Global 03/03/2020 11h55 The [**Seedstars**](https://seedstarslife.com/summit/online-seedstars-world-competition-2020/) Mexico City winner is helping Mexicans by providing personal microloans to people without a credit history. At [**Baubap**](https://www.baubap.com/) this is done by assessing someone’s likelihood of paying back the loan by using cell phone data. The company starts by building a credit history with their customers- everyone starts off with a $25 USD loan as a first-time borrower. Roberto started out working on the issues of financial literacy in Mexico as an employee at HSBC more than a decade ago. In the meantime he’s worked at a local Mexican bank and was the CFO of a media company. This is also where he met his co-founder. Actually, their founding story started out with a juicy little detail: Roberto fired his co-founder. To understand how this was the foundation for the launch of a successful fintech startup, explore the metrics their machine learning algorithm looks at, learn how important concerns with data privacy are, and hear life lessons and book recommendations, listen to this episode! Roberto recommends reading [**Tara Westover: Educated**](https://amzn.to/3aNnp0F) **,** [**Jack Weatherford:**](https://amzn.to/2V3wxYF) **Genghis Khan and the Making of the Modern World** **The podcast is also available in the video format:** PODCAST / VIDEOCAST SEEDSTARS PODCASTS SEEDSTARS WORLD 2019/20 LATIN AMERICA MEXICO FINANCIAL SERVICES CONSUMER AND SME LOANS FINANCIAL SERVICES MICROFINANCE ## More like this [ ![Leveraging Science and Tech for Impact](https://seedstars-com.s3.amazonaws.com/images/stream-thumbnail.max-320x550.png) GLOBAL • TECH Leveraging Science and Tech for Impact Tech4Impact at EPFL is Switzerland’s help on building a bridge between innovation projects and the most pressing environmental and societal challenges of nowadays. __ ](https://www.seedstars.com/content-hub/life/leveraging-science-and-tech-impact/) [ ![Insights on tech sector development and SDG initiatives in Africa](https://seedstars-com.s3.amazonaws.com/images/martin-podcast-thumb.max-320x550.png) 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