Democratically Owned, Professionally Managed, Independently Audited
Nafasi operates under the supreme democratic authority of its members, adhering to the Uganda Cooperative Societies Act, strict prudential liquidity mandates, and external statutory oversight.
The 4 Tiers of Democratic Governance
Our institutional checks and balances safeguard member capital, eliminate single-point-of-failure risks, and uphold fiduciary excellence.
Annual General Meeting (AGM)
Supreme Democratic Authority
The supreme governing body comprised of all fully registered members. Approves audited financials, elects leadership, passes policy amendments, and authorizes dividend distributions.
Board of Directors
Strategic Steering & Stewardship
Elected by the AGM to provide strategic leadership, authorize investments, review credit facilities, and ensure compliance with cooperative statutes.
Supervisory & Audit Board
Independent Fiduciary Oversight
An autonomous oversight committee reporting directly to the AGM. Responsible for continuous internal auditing, risk monitoring, and member rights protection.
Executive Secretariat
Operations & Member Administration
Professional management team executing day-to-day administration, savings processing, loan disbursements, digital member portal maintenance, and member support.
Constitutional Bylaws & Official Reports
Download our certified regulatory filings, registered bylaws, AGM resolutions, and annual audit reports.
Nafasi Cooperative Registered Constitution & Bylaws (Revised 2024)
Annual Audited Financial Statements & Dividend Resolution 2023/24
10th Annual General Meeting (AGM) Minutes & Resolutions
Ministry of Trade, Industry & Cooperatives Statutory Registration Certificate
Credit Facility & Loan Underwriting Policy Guidelines
Social Welfare Scheme Charter & Emergency Grant Guidelines
Executive Committee & Board
Elected representatives entrusted by members to steward collective capital and uphold cooperative values.
Board Chairperson
Executive Board Chair
Providing overall strategic direction, statutory reporting, and presiding over the Annual General Assembly.
Vice Chairperson
Operations & Member Relations
Directing member onboarding protocols, education masterclasses, and cooperative branch engagements.
Honorary Treasurer
Finance & Risk Committee
Overseeing prudential liquidity ratios, investment appraisals, financial books, and dividend modeling.
Supervisory Chair
Audit & Compliance Oversight
Leading independent quarterly internal audits, compliance verifications, and reporting directly to the AGM.