Student entrepreneurs lower textbook rental costs

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Two students at the University of Pretoria have found inspiration in having to work with a tight budget. They’ve turned their lack of funds into a business opportunity to help other students, while also putting money back in their pockets.
Thabiso Lekala, the co-founder of eAfford, shared a predicament with many other students. Books are the lifeblood of his university life, but they are a major expenditure, and the campus library doesn’t always have enough copies of a textbook in demand.

He and his friend, Seyi Ogunbowale, decided to turn this to their advantage, by creating a business that rents out academic books online for less than half the retail cost.

Lekala says’ “You’d go to the library and you’d find that the textbooks you were looking to find to study is not there, or someone has borrowed it …I couldn’t afford textbooks, I couldn’t afford to go out, I couldn’t afford like groceries and stuff so I had to compromise on some of those stuff so it actually pushed me to say if I could do this I can help a lot of other people in the same situation.”

The service currently has more than a hundred users, with over 10 000 books on offer.

The duo started with a cash injection of six-thousand-rand, and have now done a deal with publishers, whereby they are hoping to expand their online library to other campuses around the country.



7 Common Textbook Rental Questions

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One excellent money saving method for college students is that of textbook rental. Rather than buying your textbooks and trying to resell them when you are done with them, you can rent your textbooks. This eliminates the financial guesswork. No longer do you have to worry about trying to resell your used books. No longer do you have to spend precious time finding a buyer for your used college books. No longer do you risk not being able to resell your books. Instead, you simply mail them back to the rental company after your class is over.Because textbook renting is such a new and revolutionary idea, college students naturally have many questions. Today, I will answer seven of the most common questions.

via  7 Common Textbook Rental Questions.

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