This is a Peruvian crossbody handbag. It's known as a coca leaf bag or chuspa. It was handmade in Peru. It's made of wool. It's red with embroidered flowers on the front flap and fringe. It has a small discoloration on inside flap. See pics for details.

Measurements are approximate:

Bad depth: 1-1/2 inches

Bag width: 11 inches

Bag height: 10 inches

Bag strap: 44"