The Namilyango College Old Boys’ Association Cooperative Savings and Credit Society Ltd (NACOBA SACCO) is a SACCO for Namilyango College Old Boys that was registered in August 2016 to mobilize financial resources from its members and utilize them efficiently and effectively to create and accumulate collective and individual wealth for members.

As at 31^st December 2018, membership had grown by 28% from 222 in 2016, total savings by 63% from UGX 451.9 Million, loan portfolio reduced marginally by 0.01% from UGX 425.486 in the same period. Despite its growth over the period 2016-2018, the SACCO still faced some weaknesses and threats/challenges including modest growth in membership, low growth in loan portfolio, competition from other financial institutions, delayed payments of borrowed funds, non-compliance with the saving obligation among others. In view of these challenges and the need to adapt to the evolving operating environment and the need to align the SACCO services with members’ financial needs, NACOBA SACCO contracted NACOBA Consultants in 2019 to facilitate the development a 5-Year Strategic Business Plan for NACOBA SACCO.

The business plan has since laid the foundation for the SACCO’s tremendous growth and as of 2024, NACOBA SACCO boasts of a total membership of 572 members and total assets of UGX 4 Billion.