Transforming Economic & Social Well-Being Through Solidarity
Nafasi Multipurpose Cooperative Society Limited is a permanently registered cooperative society established in 2014 under MTIC CAP 112, empowering CSO workers, corporate employees, and business owners through increased savings, investments, affordable credit, housing, and retirement planning.
If 20 staff from at least 1,000 local organisations each saved a minimum of UGX 50,000/= per month, the cooperative would invest these resources for, on behalf of, and with the members to meet their collective and individual needs.
From a Shared Vision to a Resilient Multipurpose Society
The idea of Nafasi was born out of the recognition that CSO staff, associates, members, and their families needed a supportive framework to foster solidarity, achieve financial freedom, and foster business development. Leaders from organisations such as the Uganda National NGO Forum (UNNGOF), The Uhuru Institute for Social Development and the Great Lakes Institute for Strategic Studies, among others, took the initiative to establish this framework. They enlisted the technical expertise of Wealth Centric Limited, a financial advisory firm.
On March 26th, 2014, Wealth Centric presented the cooperative model at the Annual General Meeting of UNNGOF held at Hotel Africana. Following this presentation, a resolution was passed to establish Nafasi with the primary objective of enhancing financial growth through increased savings, access to investments, affordable credit, housing, retirement planning, and pooling funds to establish businesses. Nafasi, which translates to "opportunity" in Swahili, was officially registered on April 28th, 2014, with the Ministry of Trade, Industry, and Cooperatives under the Cooperative Societies Act, CAP 112, and the Cooperative Societies Regulations 1992.
Strict Institutional Governance
Governed by democratic cooperative laws, elected SUPCO & Vetting committees, and regular statutory audits.
Diversified Investment Portfolio
Presently investing across Real Estate, Unit Trusts, and Credit — expanding to 10+ platforms by 2034.
Mission, Vision & Guiding Values
Our foundational commitments established in the 10-Year Strategic Plan (2024–2034) to deliver prosperity, financial dignity, and enduring social capital.
Our Vision Statement
To be the most prosperous cooperative society, transforming the economic and social wellbeing of Civil Society Organization (CSO) staff in Uganda.
Our Mission Statement
To provide a solid infrastructure through which CSO staff and their families can create and accumulate wealth for education, healthcare, housing, leisure and retirement.
Statement of Business Strategy
“A sustainable cooperative with a net worth of at least UGX 3 billion providing and connecting a minimum of 500 members to business, social welfare, networking and capacity-building opportunities for wealth creation and social well-being by 2034.”
A Decade of Resilient Growth (2014–2024)
Nafasi’s pre-strategy performance demonstrates enduring resilience, transitioning from an informal initiative into an institutional powerhouse.
Established at Hotel Africana & Registered Under CAP 112
Presented on March 26th, 2014 at the UNNGOF AGM and registered on April 28th, 2014 with MTIC. Founded with 45 members, UGX 6.2M share capital, and UGX 18M savings.
First Member Credit Facilities Disbursed
Disbursed UGX 19.2M in soft credit to members; share capital expanded to UGX 12.05M and membership grew to 61.
Savings Deposits Reach UGX 148.7M
Net savings deposits reached UGX 148.7M and loan disbursements grew to UGX 70.18M, solidifying member liquidity and welfare access.
Naguru Office, "The Muse" Publication & 1-Day Turnaround Loans
Under Executive Chairman Denis Tukahikaho, PhD, Nafasi established its Naguru office, published "The Muse" (Vol. 1), deployed enterprise business systems & merchant payment code 0775186911, and pioneered 1-day turnaround emergency and school fees credit facilities.
ERP Deployment & Permanent MTIC Registration
Reached 122 members, UGX 44.65M share capital, and UGX 151M savings portfolio. Transitioned to permanent registration and deployed enterprise ERP and mobile payment platforms.
Launch of 10-Year Strategic Plan (2024–2034)
Inaugurated comprehensive 10-year strategy targeting UGX 3B net worth, 500+ members (60% youth), UGX 1B share capital, UGX 2B savings, and 10 investment platforms.
One Cooperative Family, Over 500+ Members Strong
Nafasi is powered by civil society practitioners, professionals, entrepreneurs, and families across Uganda who unite their capital to fund commercial enterprises, secure affordable credit, and pass down generational wealth.
Moments in Action Across Nafasi Cooperative
From democratic assemblies and strategic board deliberations to member certifications and community empowerment, witness our cooperative values in practice.
Member Advisory & Capital Planning
Our dedicated relationship managers providing tailored financial planning, loan assessments, and savings guidance.
Democratic Leadership & Vision
Executive keynotes delivering transparent annual performance reporting and strategic investment roadmaps.
Empowerment & Certification
Recognizing member business graduates, financial literacy participants, and entrepreneurial champions.
Dividend & Excellence Honors
Celebrating high-performing member clusters and distributing statutory cooperative dividend rewards.
Fiduciary Stewardship & Oversight
Rigorous board sessions reviewing prudential risk metrics, statutory compliance, and member equity protections.
Vision & Member Dividend Honors
Upholding our founding vision to transform member livelihoods and distribute tangible annual dividend returns.
Committee Deliberation & Appraisals
Working sessions dedicated to evaluating agricultural value chain investments, micro-credit lines, and member welfare.
Parliamentary Policy Deliberations
Member-elected delegates reviewing institutional bylaws, auditor reports, and investment authorizations.
Plenary Review & Statutory Approvals
Transparent member-driven voting adhering strictly to the Uganda Cooperative Societies Act standards.