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Home›Crypto›DeFi›Pencil Finance completes $1M onchain lending cycle for…

Pencil Finance completes $1M onchain lending cycle for 6,600 students

Reported · Written up by our desk · DeFi

Cointelegraph reports that Pencil Finance has completed a $1 million onchain lending cycle. The platform said the loans were issued to 6,600 students in Southeast Asia who it described as underserved by traditional lenders.

Pencil Finance characterized the program as its first-of-a-kind lending offering for the region.

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Sources

CointelegraphPencil Finance completes $1M onchain lending cycle for 6.6K students in Southeast Asia

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