Rang De is India's peer-to-peer lending platform that enables individuals to invest in entrepreneurs from low-income households across India and create sustainable livelihoods. Rang De has a radical, uncompromising vision of ending poverty by sustainably leveraging cutting-edge technology to expand access to credit. It has worked across 18 different states and provided customized loans to borrowers from 9 different sectors. In 2017, the peer-to-peer lending space was regulated by RBI and to comply Rang De has transitioned into an NBFC P2P.
Smita Ram co-founded Rang De in 2008. Earlier, she was finance & administrative officer at Oxfordshire County Council and special educator & social worker at FAME India. She has done 'Entrepreneurship for Women' from Indian School of Business, master's degree in social work from School of Social Work, and Bachelor of Arts from Christ University.
LET SYSTEMIC CHANGES HAPPEN
As per ILO's recent report, only 19 women out of every 100 are part of the workforce in India. This data indicates the huge gap that exists in women who can be part of the workforce but who aren't. This should be a huge concern for all. Various factors contribute to this gap but what needs to be addressed are the systemic changes that will enable women to play an active part. These systemic changes need to happen at different levels.
Denne historien er fra March 2023-utgaven av Banking Frontiers.
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Denne historien er fra March 2023-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
EC tests the prowess of DLT through a sandbox
The European Blockchain Regulatory Sandbox is helping regulators to understand the benefits of blockchain in financial services domain:
GDPR vs DPDP & what it means to BFSI
The recently enacted Digital Personal Data Protection Act, 2023, of India, has cast itself as a game-changing framework for addressing the privacy and data protection needs of a rapidly digitizing nation.
Insurance, investments & financial planning for women to rise
What percentage of your customers are women? What percentage of your overall business comes from women customers? How have both these figures changed over the last few years?
AIMING WITH AI
An organization can have multiple goals with Al. We have selected 3 key goals Front Office, Back Office and Strategic Decisions. Six CIOs/CTOS/ CDOs from India, Sri Lanka, Uganda, Nigeria and Ecuador share their perspectives on these 3 goals and on skills, consultants and partners:
SBI launches Har Ghar Lakhpati & SBI Patrons deposit schemes
The State Bank of India (SBI), the two new deposit schemes-Har Ghar Lakhpati and SBI Patrons-designed to offer customers greater financial flexibility and value.
L&T Finance collaborates with Amazon Finance India for innovative credit solutions
L&T Finance (LTF) has entered into a multi-year strategic partnership with Amazon Finance India to co-develop cuttingedge credit solutions designed to enhance affordability for eligible Amazon customers and merchants.
Pay Later extended to stocks
Paytm Money has launched the 'Pay Later' margin Pay trading facility, allowing investors to buy and invest in stocks by paying just a fraction of the total value upfront.
30% for EV, 30% for Solar
ADB has invested US$25 million in Vivriti Capital's first climate bond for renewable energy and EV infrastructure. Smitha Jain Arora, Head Sustainability & Impact, lays the road ahead:
Professional competencies must complement AI
Anooshka Soham Bathwal, CEO & Founder of Dhanvesttor, navigates the challenges of costs and skills shortages along with the opportunities of AI and innovation:
RBI issues stringent guidelines to combat mobile number fraud in digital transactions
The widespread adoption of digital transactions, while providing unparalleled convenience and efficiency, has also led to an increase in fraudulent activities, raising serious concerns that require collective action.
