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BISHKEK (TCA) — 2014 could be a turning point for the development of microfinance institutions (MFIs) around the world. New technologies, such as mobile banking and biometric identification of borrowers are being introduced widely. According to the head of the World Bank Office in Kyrgyzstan, Alexander Kremer, Kyrgyzstan has chosen the right time to discuss how these technologies could be applied in the country.

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