In this report, CEO tenure and the debt proportion of microfinance institutions (MFI) are examined. The report supports the notion that financing choices of MFIs have a direct correlation to the profile of their managers. Results in the report indicate CEO’s tenure as having a positive effect on MFI’s debt ratio. Key points highlighted in the report include:

• Microfinance institutions need improved access to debt capital to cover a huge and increasing world demand for microfinance services.
• More experienced CEOs may be more aligned with the microfinance institution’s mission and they may have a better understanding of the business model of microfinance. 
• Capital providers may require a proven track record within the institution to supply funding.