Create a database schema for managing a library system with the following entities:

Books $($with attributes: ISBN, Title, Author, Genre, and Quantity$)$

Members $($with attributes: MemberID, Name, Email, and Phone$)$

Loans $($with attributes: LoanID, MemberID, ISBN, LoanDate, and ReturnDate$)$

Implement SQL queries to perform the following operations $($Please provide screenshots displaying all records in the mentioned relations$)$:

Insert new records into the Books, Members, and Loans tables.

Retrieve all information about books borrowed by a specific member.

Update the quantity of a particular book in the Books table.

Delete a member record from the Members table.

Document your SQL script with comments to explain the purpose of each statement and provide a brief overview of the database schema.