Venus Pudica position, like a rustic little version of Aphrodite. Her right hand is a bit lower, though, touching her belly rather than covering her breasts, making me think she may be a fertility figure. I'm not sure where she's from but she's definitely got some age (the tips of her breasts, particularly, are pretty well worn), and I think she's really wonderful. 

1 3/4" tall x 3/4" wide x 5/8" deep. Good condition, with no cracks in the wood that I can see. She stands squarely on her base, but was easier to photograph lying flat.