Complete the text about the Grameen Bank using the correct form of the verbs in brackets: past simple or past continuous. The Grameen Bank Professor Muhammad Yunus founded the bank in 1977 while he was working at the University of Chittagong. Along with his students he (1) (launch) a research project into property in rural villages in Bangladesh. While he (2)(work) on the research project Professor Yunus (3)(discover) that many of the villagers (4)(live) bellow poverty line. Professor Yunus (5)(meet) some women who made bamboo furniture while he(6)(visit) a village called Jobra. The women told him that in order to buy the materials they needed, they borrowed money from leaders who charged a huge amount of interest. Professor Yunus (7)(lend) $27 of his own money to a group of 42 poor villagers so that they could escape the vicious circle of poverty. What made this scheme different, was that unlike other money leaders he (8)(not ask) for any security or collateral and only charged a small amount of interest. The project was successful and (9)(change) the lives of million of women in Bangladesh. With the help of small loan, and they (10)(be) able to buy enough food and they could send all their children to school. Today the bank has lent more than $6billion dollars to more than 7 million borrowers. In 2006, Professor Yunus (11)(receive) the Nobel Peace Prize for his work.

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