Ladybug Portfolio

I had a few papers left over from the Open House so I actually finished them...shocking for me... and made a portfolio for them. I thought it would make a nice Hostess gift. The portfolio is one sheet of paper folded in half and folded 2 1/4" inches up. I used the large hole punch from the Crafters Tool Kit to make the holes for the ribbon. Have I mentioned how much I love the new 5/8" grosgrain ribbon??? This ones holds 4 cards and 4 envelopes.