I was a Peace Corps volunteer in Ecuador 1962-1964 and purchased this in the small town (Latacunga) where I was stationed.  I don't think that it is a traditional folk theme but rather a product of the artist's imagination.  I have never seen another quite like it.  The hanging or pillow cover is in good shape.  I believe that it is a "robot" with a bird statue although it could be something else. This is a good conversation piece.