Simplify the following text for a Grade 7 native English-speaking person.
Original: On 1 October 1983 the pilot project began operations as a full-fledged bank and was renamed the Grameen Bank ( Village Bank ) to make loans to poor Bangladeshis .
Simplified: On 1 October 1983 , Grameen was made a full bank and renamed the Grameen Bank ( Village Bank ) to give loans to poor Bangladeshis .