fatal: repository does not exist when cloning shared repository - linux

Question

I'm trying to create a shared bare repository from an existing project so that multiple developers within the same group can have access. I have cloned the repository located in my project's directory to a bare shared repository in another centralized directory on the same machine and am able to create a clone of bare repo myself, however the clone fails with a fatal: repository does not exist error when logged in as another user within the group.
I've tried following the instructions on the git website for creating a bare repository and for cloning a repository.
https://git-scm.com/book/en/v2/Git-on-the-Server-Getting-Git-on-a-Server
https://git-scm.com/docs/git-clone
Based on the instructions, I used the following commands to create the bare repository and make it shared.
$ git clone --bare /path/to/my_dir/my_project /path/to/repos/project.git
$ cd /path/to/repos/project.git
$ git init --bare --shared
I am able to successfully make a clone using the following commands when I'm logged in as myself.
$ cd /path/to/their_dir
$ git clone /path/to/repos/project.git their_project
However, when logged in as a different user, the following error occurs when trying to use the same commands, even though I can do an ls on and cd into the project.git directory as the other user.
fatal: repository '/path/to/repos/project.git' does not exist
As far as permissions go, my account is listed as the owner of the repository and it's files, and the other user belongs to the group that is associated with the files.
$ ls -l /path/to/repos
drwxrws---. 6 me devs 4096 Jul 24 12:53 project.git
$ ls -l /path/to/repos/project.git
drwx------. 2 me devs 4096 Jul 24 12:46 branches
-rw-rw----. 1 me devs 177 Jul 24 12:53 config
-rw-------. 1 me devs 73 Jul 24 12:46 description
-rw-------. 1 me devs 23 Jul 24 12:46 HEAD
drwx------. 2 me devs 4096 Jul 24 12:52 hooks
drwx------. 2 me devs 4096 Jul 24 12:46 info
drwx------. 104 me devs 4096 Jul 24 12:46 objects
-rw-------. 1 me devs 98 Jul 24 12:46 packed-refs
drwxrws---. 4 me devs 4096 Jul 24 12:46 refs
How can I fix this so that another user can clone the repository while logged in under his or her account?