Pencil Finance Delivers $1M Onchain Loans to Empower Asian Students

TL;DR

• Onchain Milestone: Pencil Finance completed a $1M fully onchain student loan cycle, delivering capital directly to borrowers with transparent repayment tracking.
• Student Impact: The protocol helped finance more than 6,600 students across Southeast Asia, with 50% female borrowers and 93% from lower-income households, supported largely through ErudiFi.
• Future Path: Leaders said the cycle proves that onchain capital can close education financing gaps, while Pencil Finance highlighted that the public repayment record strengthens the foundation for future bundles.
  

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Student loan protocol Pencil Finance has completed a $1M fully onchain lending cycle, marking a milestone for education financing across Southeast Asia. The initiative deployed capital to thousands of students who have long been underserved by traditional lenders, with every repayment recorded transparently on blockchain. The company said the cycle demonstrates how onchain capital can reach borrowers directly while giving funders full visibility into performance.

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