London, UK (PRWEB UK) 15 November 2013
Krono Partners today announced a 15.2% yield from its new micro loans venture for the period of September/October 2013. The news comes just 8 weeks after the very first loan note was issued, between the Company and a Czech developer in Prague. The loans have predominantly been made out to an assortment of developers and private companies in the EU and represent an important source of income to the Company.
Krono is now in the process of analysing a number of new micro loan opportunities to add to those currently running.
Managing Director, Ivan Rosenschein comments: “We are all extremely positive after this first result but we know the road to consistency is a long one.”
The Company, who specialises in the acquisition and repositioning of distressed property, further commented in its Newsletter to Bondholders, that it will continue with its micro loan financing in conjunction with its property sourcing efforts in Europe. It will also make monthly announcements of its returns from all micro loan activity.
For more information about the Company, please visit http://www.kronopartners.com or contact Krono directly on:
Contact Number: +44 (0) 203 657 9190
Disclaimer – forward-looking statements
This Krono Partners Plc communication contains certain statements regarding future events that express the beliefs and expectations of management. Such statements are based on current expectations, estimates and forecasts on the part of company management and imply various known and unknown risks and uncertainties, which may result in actual earnings, the financial situation, growth or performance to be different from the estimates expressed or implied in the forward-looking statements. The information contained herein is not intended to act as advice or a solicitation for business and should not be construed as such.