We derive a theoretical description for dilute Bose gases as a loop expansion in terms of composite-field propagators by rewriting the Lagrangian in terms of auxiliary fields related to the normal and anomalous densities. We demonstrate that already in leading order this nonperturbative approach describes a large interval of coupling-constant values, satisfies Goldstone's theorem, yields a Bose-Einstein transition that is second order, and is consistent with the critical temperature predicted in the weak-coupling limit by the next-to-leading-order large-N expansion.