Micro finance organizations have been increasing dramatically worldwide. This increment calls attention for these organizations to making strategic decisions which will enable them compete. We examine and discuss the roles that micro finance stakeholders in boards can play in the process of making these decisions. We combine board, strategic decision making and stakeholders’ literature in order to show how micro finance stakeholders’ representation in boards can be advantageous to these organizations, specifically in strategic decision making process. Future empirical research on stakeholders and strategic decisions in Microfinance organizations is identified and encouraged.