Professor, International Development Studies, Menno Simons College; advisor with EvidenceNetwork.ca
Jerry Buckland is Professor of International Development Studies at Menno Simons College and an advisor with EvidenceNetwork.ca. He is author of Hard Choices: Financial Exclusion, Fringe Banks and Poverty in Urban Canada (University of Toronto Press).
Sherry's financial needs were not met through payday loans, but made worse by them -- and, as a result, she and her family were caught in a long-term cycle of debt from which they could not escape. Unfortunately, Sherry's form of repeat payday loan borrowing is common and it can sink families into poverty.