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Republic of the Philippines

UNIVERSITY OF RIZAL SYSTEM


Binangonan, Rizal

December 04, 2017

WILMA R. LOMANGAYA, Ph. D.


Head, Statistical Center

Dear Madame:

Good Day!

I am respectfully endorsing for statistical treatment this thesis entitled “Financial Risk
Management of Microfinance Institutions in Tanay Rizal Calendar 2017”, whose proponents are
Jullianne Micaell A. Carlay, Joshua A. Cebanico, and Trisha Ann B. Padillon, all of whom are
students of University of Rizal System Binangonan, under the College of Accountancy.

Thank you very much. May God continuously bless you and your good office.

Very truly yours,

ALDRIN B. BOCA, MS (CAR)


Expert/ Consultant Statistician

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