Summary
Monkey's Village is the small village where Master Monkey resided before meeting Master Oogway and coming to live at the Jade Palace.
Secrets of the Furious Five
The village is mentioned by Po during the introduction to Kung Fu class that he gives to the local bunnies. It is possible that Monkey had lived there his entire life before meeting Master Oogway as he has flashback revealing he had been humilated in the village while still very young.