Simplify the following text for a Grade 17 native English-speaking person.
Original: Over time , the Grameen initiative has grown into a multi-faceted group of profitable and non-profit ventures , including major projects like Grameen Trust and Grameen Fund , which runs equity projects like Grameen Software Limited , Grameen CyberNet Limited , and Grameen Knitwear Limited , as well as Grameen Telecom , which has a stake in Grameenphone ( GP ) , biggest private sector phone company in Bangladesh .
Simplified: The Grameen group has grown into many groups of profitable and non-profit , such as the Grameen Trust , the Grameen Fund , Grameen Software Limited , Grameen CyberNet Limited , Grameen Knitwear Limited , Grameen Telecom , and Grameenphone ( GP ) ( Grameenphone is the biggest private sector phone company in Bangladesh ) . .