I hate to say it, but that's not real leather...even though it's made of leather bits. Bending it too much will cause it to crack, and anything you put on it which is absorbed is likely to weaken the bond holding the material together.

A real leather sporran starts around 100$, generally, for a very simple design, and the texture and ductility are substantially different. Sporrans are expensive in part because leather is expensive, and hand work is very expensive...

-Sean