diff --git a/configurations/importer.py b/configurations/importer.py
index 7013392..62b1dba 100644
--- a/configurations/importer.py
+++ b/configurations/importer.py
@@ -161,6 +161,6 @@ class SettingsLoader(object):
                     raise ImproperlyConfigured(
                         "Couldn't execute callable '%s' in '%s.%s': %s" %
                         (value, mod.__name__, self.name, err))
-                setattr(mod, name, value)
+            setattr(mod, name, value)
         setattr(mod, 'CONFIGURATION', '%s.%s' % (fullname, self.name))
         return mod