Vintage Woven Wool Mexican Rug Purse with Wooden Handle

Vintage Mid-Century Mexican purse. It is made of a gorgeous vegetable dyed wool that was woven on a loom. The fringe placement is beautiful. The handle is wooden. I am not sure what the notches are for, perhaps a tie to tie it closed. It measures 16 1/2" tall with the handles by 13 1/2" wide. Handle has some scuffs. No moth damage to the weaving. C. 1930.