Pencil Finance completed a $1 million onchain student loan cycle, providing financing to 6,600 students in Southeast Asia underserved by traditional lenders. Around 1,050 students received direct funding across 118 schools and universities. Borrowers were 50% female and 93% came from lower-income households. The bundle was funded in July 2025 by Animoca Brands, Open Campus and New Campus, structured as a senior tranche with fixed returns and a junior tranche with variable returns and first-loss risk.
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