Question

Bank of Norasmus is one of the few banks that provides credit to disadvantaged communities. These loans are used for housing, small business creation, and education or personal development. Such an organization is said to be involved in _____.

Answer 1

Answer:

Socially responsible investing

Explanation:

Such an organization is said to be involved in socially responsible investing. Socially responsible investing is a type of investing that seeks to consider both social good and financial returns which are considered positive by the participants. This is also termed impact on investing. This investing encourages those practices which promote human rights, gender diversity, consumer protection, and also the environment.