Kolf Austria Vintage Folk Art 1950s Red Floral Clutch Wallet

Vibrant red clutch wallet with floral design on front and cute little characters on the back. The only thing I can find on the brand Kolf is that it is apparently made in Austria, and was from the 1950s. Features snap closure, though one side is broken. This appears to be a very old, vintage item, so it has multiple places of wear, some discoloration, etc. inside and out. Inside says 100% cotton. About 5 inches width, almost inches length.