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Smita Ram
Co-founder & CEO at Rang De
Professional Background
Smita Ram is a visionary leader and social entrepreneur, recognized for her instrumental role in revolutionizing access to finance for underprivileged communities in India. In 2008, she co-founded Rang De, a pioneering peer-to-peer lending platform designed to empower everyday citizens to invest in the aspirations of entrepreneurs from low-income backgrounds. Under Smita's stewardship, Rang De has become synonymous with sustainable livelihoods and economic inclusion, reflecting her commitment to overcoming poverty in India through innovative financial solutions.
After the Reserve Bank of India (RBI) introduced regulations for the peer-to-peer lending sector in 2017, Smita successfully navigated Rang De through this transformation into a Non-Banking Financial Company (NBFC P2P), solidifying its position in the fintech ecosystem. As the Chief Executive Officer, Smita leads the platform with a clear vision of expanding access to low-cost credit, aligning with Rang De's mission to foster social impact and financial empowerment at a grassroots level.
Education and Achievements
Smita Ram's academic foundation is as diverse as her career. She holds a master's degree in Social Work, specializing in Medical and Psychiatric Social Work, from the School of Social Work, Roshni Nilaya. Her education reflects a profound understanding of both the social complexities and the psychological needs of marginalized groups, equipping her with the skills necessary to address poverty systematically.
Furthermore, she has complemented her social work education with a Lean Six Sigma Green Belt certification from Benchmark Six Sigma, which highlights her commitment to excellence in operational efficiency—an essential asset in her leadership role at Rang De. Smita's undergraduate studies, which culminated in a Bachelor of Arts degree focusing on English Literature, Psychology, and Media Studies at Christ College, Bangalore, have further enhanced her communication and analytical skills, enabling her to connect with stakeholders across different sectors effectively.
In addition to her formal education, Smita participated in a Certificate Program in Entrepreneurship for Women, a prestigious initiative by Goldman Sachs, at the Indian School of Business. This program not only deepened her understanding of entrepreneurship within a gender-focused framework but also empowered her to champion women’s economic participation through Rang De.
Achievements
Smita's journey is marked by several achievements that reflect her dedication to social entrepreneurship and community development. As co-founder and CEO of Rang De, she has played a crucial role in scaling the platform, which has facilitated thousands of loans to budding entrepreneurs across India, driving economic development in previously underserved areas. Her efforts have garnered recognition and praise from various sectors, including social organizations and financial institutions, emphasizing the importance of inclusive finance in the fight against poverty.
Additionally, her tenure as Finance and Administrative Officer at Oxfordshire County Council showcases her proficiency in governance and operational management within the public sector. Her experience as an Administrator for Children, Young People & Families also highlights her commitment to social welfare and dedication to making a difference in the lives of young people.
Smita's volunteering experience with Oxfam and her role as a Special Educator and Social Worker at the Foundation for Action, Motivation, and Empowerment (FAME India) underscored her lifelong commitment to serving vulnerable populations.Through her persistent efforts, she has made a significant impact on the lives of countless individuals, proving that social entrepreneurship can be a catalyst for substantive change.
In conclusion, Smita Ram's professional journey exemplifies her passion for social change, financial inclusion, and community empowerment. As a thought leader in the field of peer-to-peer lending and social entrepreneurship, her work continues to inspire a new generation of changemakers committed to improving lives and expanding opportunities for low-income communities in India.
