Polytechnic University of the Philippines Sta. Mesa, Manila Tel. No.

716-7832 to 42

July 17, 2013

Ms. Miraflor A. Cabalan Human Resource Manager Philippine Army Finance Center Producers Integrated Cooperative Bayani Road, Fort Bonifacio, Taguig City

Dear Ms. Cabalan, Greetings of Peace! In partial fulfillments of our requirements for ACCO 4013 Accounting Thesis, we senior students of Polytechnic University of the Philippines, taking up Bachelor of Science in Accountancy would like to ask for your permission to conduct a research study entitled “The Role of Financial Ratio on Disbursement of Loan to the Members of Philippine Army Finance Center Producers Integrated Cooperative ”. In connection with this, we would like to ask your good office to allow us to use your materials as one of our references and to conduct our survey and interview in your vicinity. Rest assured that the data we will gather will remain absolutely confidential and to be used on academic purposes only. We believe that you are with us in our enthusiasm to finish this requirement as compliance for our graduation and to develop our well-being. We hope for your positive response on this humble matter. Your approval to conduct this study will be greatly appreciated. For further questions please contact us at 09166483965/09264838921. Thank you very much!

Respectfully yours, Charmaine Jhun V. Andaliza BSA Student PUP Noted by: Prof. Rellita D. Paez

No. Thank you very much! Respectfully yours. Greetings of Peace! In partial fulfillments of our requirements for ACCO 4013 Accounting Thesis. we would like to ask your good office to allow us to use your materials as one of our references and to conduct our survey and interview in your vicinity. Barangay Pinagsama. Mesa. we senior students of Polytechnic University of the Philippines. Charmaine Jhun V. 2013 Mr. taking up Bachelor of Science in Accountancy would like to ask for your permission to conduct a research study entitled “From Wastes to Assets: Environmental Awareness through JunkShop and Scrap Business”.Polytechnic University of the Philippines Sta. For further questions please contact us at 09166483965/09264838921. Cristino Samarita Proprietor Samarita’s Enterprises Steel Fabrication Block 24 Lot 15 Housing Phase 2. Taguig City Dear Mr. We hope for your positive response on this humble matter. Rellita D. 716-7832 to 42 July 17. Rest assured that the data we will gather will remain absolutely confidential and to be used on academic purposes only. We believe that you are with us in our enthusiasm to finish this requirement as compliance for our graduation and to develop our well-being. Andaliza BSA Student PUP Noted by: Prof. Paez . In connection with this. Samarita. Manila Tel. Your approval to conduct this study will be greatly appreciated.